Arrearage
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.”
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
