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What are arrears?

What are arrears? Here are some definitions.

Noun
  1. plural of arrear
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Examples
York housing chiefs today unveiled plans to make savings by toughening up on the collection of rent arrears.
After he had vacated the flat, the landlord had wrongfully kept the deposit in lieu of rent in arrears.
The 2005 budget also contains a temporary tax amnesties and an emphasis on the collection of arrears from powerful big business cartels.
The workers were demanding the payment of wage arrears and improved working conditions.
The last quarter helped regain some respect by fighting the match out to the final siren but Swans still ended up 57 point in arrears.
She had been planning to sell the perfume and use the cash to pay off her rent arrears.

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