What's the difference between arrear and debt?

Arrear


Definition:

  • (adv.) To or in the rear; behind; backwards.
  • (n.) That which is behind in payment, or which remains unpaid, though due; esp. a remainder, or balance which remains due when some part has been paid; arrearage; -- commonly used in the plural, as, arrears of rent, wages, or taxes.

Example Sentences:

  • (1) Smith manages to get a suspended possession order, postponing eviction, provided Evans (who has a new job) pays her rent on time and pays back her arrears at a rate of £5 a week.
  • (2) In Colchester, David Sherwood of Fenn Wright reported: "High tenant demand but increasingly tenants in rent arrears as the recession bites."
  • (3) Instead, 28% have simply fallen into arrears for the first time.
  • (4) The two payments meant arrears were paid off more quickly than planned, but the FCA said households may have ended up unable to repay more expensive debts as a result of the mistake.
  • (5) Because of a shortage of smaller properties, many families have found it impossible to downsize and have been forced to make up the difference in rent, pushing many into arrears and debt.
  • (6) Rental arrears are up among social tenants as a result of the bedroom tax and other benefit cuts, with 28% of them going into the red for the first time .
  • (7) Any property market crash would also have an impact on the company's arrears position.
  • (8) Those who should never have been given loans and have fallen more than 30 days behind with repayments will have their debts wiped entirely, while a further 45,000 who are up to 30 days in arrears will have their interest and charges waived.
  • (9) Eviction orders issued by a local authority generally involve individuals who are several thousands of pounds in arrears, or people who have consistently flouted reasonable repayment orders or avoided communication with the council.
  • (10) "I'm supposed to be paying £11.41 a week for this one bedroom, and they've put it up to £15.01 a week so that I can clear my arrears.
  • (11) We know they’ve cut stipends to foreign fighters and many foreign fighters are in arrears on pay.” Hammond also delivered his strongest critique yet of Russia’s air campaign in Syria , accusing Moscow of deliberately carrying out strikes on schools and hospitals.
  • (12) The total number of mortgages in arrears stood at 395,000 by the end of September, a fall of 7,000 (1.8%) on the second quarter – the first time the number has dropped in more than two years.
  • (13) Payet further reduced the arrears after collecting a back pass by Moussa Sissoko one minute into stoppage time.
  • (14) Some 72 of its tenants who owe rent had never been in arrears before.
  • (15) Staff will be paid their arrears of wages and salaries, and will continue to be paid for their work during the administration.” The administration only involves Brantano (UK) Limited, the UK arm of the brand.
  • (16) In its latest analysis of the Irish property market at the start of 2014, the ratings agency Fitch said one in five houses where mortgages had been in arrears for three months or more was likely to be repossessed.
  • (17) Staff here dread the welfare reform bill, waiting for debts, arrears, evictions and pitiful hardship to wash up on their doorstep.
  • (18) There is a shortage of one bedroom flats in many parts of the region, with sharp competition between individuals trying to move on from supported housing, and those faced with having to downsize to avoid the bedroom tax or risk falling into arrears.
  • (19) Now back at work, the resident’s arrears have been reduced by almost £900.
  • (20) Step four: Deal with your landlord If you have fallen behind with your rent, speak to your landlord about paying off the arrears.

Debt


Definition:

  • (n.) That which is due from one person to another, whether money, goods, or services; that which one person is bound to pay to another, or to perform for his benefit; thing owed; obligation; liability.
  • (n.) A duty neglected or violated; a fault; a sin; a trespass.
  • (n.) An action at law to recover a certain specified sum of money alleged to be due.

Example Sentences:

  • (1) In the bars of Antwerp and the cafes of Bruges, the talk is less of Christmas markets and hot chocolate than of the rising cost of financing a national debt which stands at 100% of annual national income.
  • (2) Madrid now hopes that a growing clamour for future rescues of Europe's banks to be done directly, without money going via governments, may still allow it to avoid accepting loans that would add to an already fast-growing national debt.
  • (3) Profit for the second quarter was £27.8m before tax but the club’s astronomical debt under the Glazers’ ownership stands at £322.1m, a 6.2% decrease on the 2014 level of £343.4m.
  • (4) The government did not spell out the need for private holders of bank debt to take any losses – known as haircuts – under its plans but many analysts believe that this position is untenable.
  • (5) However, civil society groups have raised concerns about the ethics of providing ‘climate loans’ which increase the country’s debt burden.
  • (6) The pump function of the heart (oxygen debt dynamics), the anaerobic threshold (complex of gas analytical indices), and the efficacy of blood flow in lesser circulation (O2 consumption plateau) were appraised.
  • (7) In the UK, George Osborne used this to his advantage, claiming "Britain faces the disaster of having its international credit rating downgraded" even after Moody's ranked UK debt as "resilient".
  • (8) Thus, the decreased hyperemic response after arrest suggests a reduced energetic debt with CSC compared with ARC and may indicate superior myocardial protection with CSC.
  • (9) It was the ease with which minor debt could slide into a tangle of hunger and despair.
  • (10) Most (86 percent) had educational debt (mean = $20,500), and more than half of those with debt were making loan payments.
  • (11) Silvio Berlusconi's government is battling to stay in the eurozone against mounting odds – not least the country's mountain of state debt, which is the largest in the single currency area.
  • (12) However in a repeat of the current standoff over the federal budget, the conservative wing of the Republican party is threatening to exploit its leverage over raising the debt ceiling to unpick Obama's healthcare reforms.
  • (13) It would cost their own businesses hundreds of millions of pounds in transaction costs, it would blow a massive hole in their balance of payments, it would leave them having to pick up the entirety of UK debt.
  • (14) Nevertheless we know that there will remain a large number of borrowers with payday loans who are struggling to cope with their debts, and it is essential that these customers are signposted to free debt advice.
  • (15) Finally, there is that pesky matter of public debt, which is still 90% of eurozone GDP.
  • (16) The ONS said it was possible that these one-off items and a rise in tax receipts in January could bring the overall debt figure within the OBR's £80.5bn forecast.
  • (17) This causes a time lag, with money continuing to be taken until the SLC is made aware that the debt has been settled.
  • (18) Unsecured lending rose slightly during the month, with outstanding debt increasing by £331m, after contracting by £114m in April.
  • (19) He said: "Advanced economies are still confronted with high levels of public and private debt, which act as brakes on the recovery.
  • (20) Portugal's slide towards a Greek-style second bailout accelerated after its principal private lenders indicated that they were growing weary of assurances from Lisbon that it could get on top of the country's debts.

Words possibly related to "arrear"