arrears

Noun	1.	arrears - the state of being behind in payments; "an account in arrears"
	2.	arrears - an unpaid overdue debt

arrear, arrearage, back debts, back payments, bouncing check, decline, defalcation, default, defectiveness, deferred payments, deficit, deficit financing, delinquency, dollar gap, due, failure, falling short, imperfection, inadequacy, indebtedness, inferiority, insufficiency, liability, overdraft, short measure, shortage, shortcoming, shortfall, slump, underage