99. What is an arrear?
(a) An advance payment (b) It is payable before due data
(c) It is unpaid (d) It is difference between advance payment and
payable amount
Answers
Answered by
10
Explanation:
Arrears is a financial and legal term that refers to the status of payments in relation to their due dates. The word is most commonly used to describe an obligation or liability that has not received payment by its due date. Therefore, the term arrearsapplies to an overdue payment.
Answered by
0
Answer:
money that is owed and should have been paid earlier
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