WebWhat is the meaning of arrears? In accounting we use the word arrears in at least two ways. One use involves the omitted dividends on cumulative preferred stock. For example, if a corporation has cumulative preferred stock and due to a shortage of cash decides to omit the dividend on those preferred shares, the preferred dividend is in arrears. WebNov 4, 2024 · In arrears means payment is behind. Arrears can mean payment is overdue, or that the payment isn’t due until after the service period. Businesses can make payments in arrears to vendors or receive payments in arrears from customers. Employees can be paid in arrears, meaning they don’t receive wages until after the pay period.
In arrears definition and meaning Collins English Dictionary
Webarrears noun 1. Something, such as money, owed by one person to another: arrearage, debt, due, indebtedness, liability, obligation. 2. A condition of owing something to another: … WebFeb 28, 2024 · “In arrears” (pronounced as /əˈrɪrz/ or /əˈrɪəz/) simply means a payment is behind. This can be intentional (how the contract was written and expectations were set … ctw children\u0027s television workshop play
Arrears definition — AccountingTools
WebMay 21, 2024 · Since it’s much easier to pay after a period or after the service has been rendered by an employee, the pay they get is considered as “payment in arrears.” Arrears Billing Example Let’s say you run a small business that features a workforce of over 40 employees – all on hourly wages. You project 20 hours for each of them. Webarrears. (1) Being past due on a debt. (2) Paid at the end of the period rather than the beginning. Rent is usually paid in advance,at the beginning of the month for the coming month.Interest is usually paid in arrears,at the beginning of the month for interest accrued during the prior month.Real estate taxes are usually paid in arrears. Webin arrears. phrase. If sums of money such as wages or taxes are paid in arrears, they are paid at the end of the period of time to which they relate, for example, after a job has been done and the wages have been earned. Interest is paid in arrears after you use the money. See full dictionary entry for arrears. ctw children\\u0027s television workshop play