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arrearage

noun/əˈrɪərɪdʒ/

C2CEFR level
88/100Rarity: very rare
TechnicalRegister

The total amount of an overdue debt that has accumulated in arrears.

The tenant cleared the arrearage in a lump sum to avoid eviction.

Similar: arrears

Topic: Banking in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Banking