What is Arrears Or Arrearages?

Alternative Forms: Arrears | Arrearages
Legal Definition
Money unpaid at the due time, as rent behind; the remainder due after payment of a part of an account; money in the hands of an accounting party. Cowell; Hollingsworth v. Willis, 64 Miss. 152, 8 South. 170; Wiggin v. Knights of Pythias (C. C.) 31 Fed. 122; Condit v. Neighbor, 13 N. J. Law, 92.
-- Black's Law Dictionary