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arrearage
arrearage [ ə rrij ] (plural arrearages)


noun 
Definition:
 
1. remaining debt: the debt that remains after part of an overdue debt has been paid
2. being in arrears: the state of being overdue in the payment of a debt
Encarta® World English Dictionary [World English Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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