Arrears: Canada Debt .ca defines Arrears

Bankruptcy Term Arrears

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Canada Debt has the definition to the bankruptcy and debt term Arrears. Finding answers to terms such as Arrears can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Arrears in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Arrears' is used as follows:

The amount of money by which a contract or obligation is in default.