Definitions for "Arrearages"
Related Terms:
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Overdue alimony or child support payments.
Unpaid child support payments for past periods owed by a person who is supposed to pay .
Unpaid child support/spousal maintenance payments owed by a person who is obligated to pay support.
the total amount of the court ordered support obligations that are past due and unpaid. Such amount is calculated by multiplying the amount of the support obligation (including any modification thereto) by the number of months that have elapsed since the inception of the order and subtracting from the product the amount of support paid by the noncustodial parent, through the court, directly to the obligee, Child Support Enforcement Unit, or Family Support Registry (FSR).
Amount past due on mortgage installments
The deficit in the amount of spousal maintenance or child support paid and the amount required by a court order.
The total, accumulated, delinquent principal, interest, taxes and insurance (PITI) amount that a borrower owes a lender.
A term used to describe the amount of money less the court order amount of support. If a spouse does not pay the full amount of support, the missing amount is considered the arrearages.
unpaid child support for past periods owed by a parent who is obligated to pay
Payments (or the amount of payments) in arrears
The accumulated delinquent principle, interest, taxes and insurance the borrower owes the lender.
The total delinquent principal, interest, taxes and insurance owed.
Back payments due to the lienholder. When a homeowner is in arrears, the lienholder can foreclose. If your monthly payment is $525 and you are six payments late, you are $3,150 in arrears. You will also owe late fees and/or attorneys' fees.
The difference between the amount of spousal maintenance or child support paid and the amount required by a court order.
The difference between the amount of alimony or child support paid, if any, and the amount required under court order. Return to List
The amounts which are past due on a loan (usually past due payments), excluding any amounts which become due through acceleration.
The deficiency between the amount, if any, paid and the amount required under court order. If payments are made voluntarily on a de facto basis, i.e., not under court order, any reduction in the amount of such payments is not considered an arrearage.