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What is an arrearage?

What is an arrearage? Here are some definitions.

Noun
  1. The condition of being in arrears.
  2. An item that is in arrears, as periodic payments on a debt or for taxes.
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Examples
The city last year listed 18,003 properties on the tax arrearage list.
Monday the banks have once again built up the arrearage on the direct REPO auction to Bank of Russia.
Resolved, That the landlord of the Club room whistle for the arrearage of rent.
Illinois child-support obligees have many options for enforcing and collecting an arrearage on court-ordered child support.
If adopted, the league arrearage rule must be enforced consistently throughout the season.
One area continues to improve: the percentage of arrearage and bad loans is on the decline.

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