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arrearage

 - 5 dictionary results

ar⋅rear⋅age

  [uh-reer-ij]
Use arrearage in a Sentence
–noun
1. the state or condition of being in arrears.
2. Often, arrearages. arrears; amount or amounts overdue.
3. Archaic. a thing or part kept in reserve.
Origin:
1275–1325; ME arerage < OF. See arrear, -age
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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ar·rear·age   (ə-rîr'ĭj)   
n.  

  1. The state of being behind in the fulfillment of obligations or of being overdue in payment.

  2. A payment owed.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Arrearage

An amount on a loan, cumulative preferred stock, or any credit instrument that is overdue.

Also referred to as "Arrears."

Investopedia Commentary

In the case of a preferred dividend, if the dividend is not paid for any reason, it cumulates, meaning, in the future, arrearages must be paid before any dividend can be paid on common stock.

Related Links

Knowing Your Rights As A Shareholder
How and Why Do Companies Pay Dividends?

See also: Common Stock, Cumulative Dividend, Default, Preferred Stock

Also spelled: arear, arears

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

arrearage

An overdue payment. See also dividends in arrears.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: ar·rear·age
Pronunciation: &-'rir-ij
Function: noun
1 : the condition of being in arrears
2 : something that is in arrears; especially : something unpaid and overdue : ARREAR —often used in pl. arrearages to a final judgment —National Law Journal>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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