Arrearage - When the past due amount on a loan, cumulative preferred stock, or any credit instrument is in arrears.
The amount of interest due on bonds and dividends due on cumulative preferred stock but as yet unpaid. Whilst dividends on cumulative preferred stock remain unpaid, dividends on common stock are not payable.
Arrearage : when the past due amount on a loan, cumulative preferred stock, or any credit instrument is in arrears.
the amount of interest due on bonds and dividends due on cumulative preferred stock but as yet unpaid. whilst dividends on cumulative preferred stock remain unpaid, dividends on common stock are not payable.
Arrearage