Arrears

Arrears is a slang term that refers to being behind in the payment of a debt or obligations. It is commonly used to describe the state of having unpaid bills or loans that are overdue.

Example 1: “I received a notice from my landlord stating that I am in arrears on my rent payments and that I need to pay immediately or face eviction.”

Example 2: “The company was struggling financially and fell into arrears with their suppliers, causing a delay in the delivery of goods.”