How Do You Spell ARREARS PAYMENT?

Pronunciation: [ɐɹˈi͡əz pˈe͡ɪmənt] (IPA)

The spelling of the word "arrears payment" can be explained using the IPA phonetic transcription. The first syllable "ar-" is pronounced as /ər/, which sounds like the short "u" sound combined with an "r" sound. The second syllable "-rear" is pronounced as /rɪər/, which sounds like the "r" sound followed by a long "e" sound. Finally, the third syllable "-s" is pronounced as /s/, which sounds like the "s" sound. Overall, the word "arrears payment" is pronounced as /ərɪərz peɪmənt/.

ARREARS PAYMENT Meaning and Definition

1. Arrears payment refers to a financial transaction in which an individual or entity makes a payment for an obligation or debt that has fallen behind schedule or has not been paid on time. It specifically pertains to the situation where a debt or payment is past its due date and amount owed has accumulated as unpaid. Arrears payments can include various types of financial obligations such as rent, mortgages, loans, or utility bills.

   When a payment is made in arrears, it means that the individual or entity is catching up on missed or late payments. The arrears payment typically includes the overdue amount as well as any applicable fees or interest charges. By making an arrears payment, the individual or entity is working towards bringing their account up to date and avoiding any potential penalties or adverse consequences.

   Arrears payments can be made in a lump sum or in installment payments, depending on the agreement between the debtor and the creditor. It is important for individuals and entities to prioritize making arrears payments promptly to prevent the accumulation of debt and potential legal actions.

   Overall, the concept of arrears payment signifies the act of remedying overdue or late payments by settling the outstanding amount owed, typically accompanied by additional charges.

Common Misspellings for ARREARS PAYMENT

• zrrears payment
• srrears payment
• wrrears payment
• qrrears payment
• aerears payment
• adrears payment
• afrears payment
• atrears payment
• a5rears payment
• a4rears payment
• areears payment
• ardears payment
• arfears payment
• artears payment
• ar5ears payment
• ar4ears payment
• arrwars payment
• arrsars payment
• arrdars payment
• arrrars payment

Etymology of ARREARS PAYMENT

The word "arrears" originated from the Old French word "arere", which meant "behind" or "late". It further evolved from the Latin word "ad-" meaning "to" and "retro" meaning "backward". The term "payment" refers to the act of giving money in exchange for goods or services. Therefore, the etymology of "arrears payment" implies making a late or overdue payment.

Plural form of ARREARS PAYMENT is ARREARS PAYMENTS