Arrearage
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Arrearage is a preferred dividend that has not been paid and hence are in arrears.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Arrearages. Preferred dividends that have not been paid and hence are “in arrears.”
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Arrearages. Unpaid preferred dividends.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
