FINANCEanamountofmoneythat wasowedon aparticulardate, which waspaidlate or has still not beenpaid:Clearingexternaldebtarrearswill be acriticalstepin the country’seconomicrecovery.(Definition ofdebt arrearsfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofdebt arrears
debt arrearsIt has now begun to repay domesticdebtarrearsand is refocusing its budget on poverty reduction.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Thedebtarrearsof those countries have risen from ￡12.8 billion in 1987 to almost ￡40 billion now.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0They are normally confined to setting limits on broad economic indicators, such as public sector borrowing, external borrowing, and the lifting ofdebtarrears.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0I am sorry to have to say that thedebtarrearsstill amount to ￡500,000, although we accept that there was a payment of this re-scheduled debt last month of ￡200,000.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/debt-arrears##
