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Author Topic: Unofficial LATOC Finance Word of the Day, 4.17: Rearage.  (Read 2843 times)
731
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« on: April 17, 2009, 12:47:13 PM »
Today's word is arrears.  From Wikipedia:

Arrears (also sometimes known as rearage) is a legal term for a type of debt which is overdue after missing an expected payment. It is also used (in the form in arrears) for payments that occur at the end of a period. Arrears accrue from the date on the first missed payment was due. The term is often used to describe being late with rent, bills, royalties (or other contractual payments), child support, or other legal financial obligation.  An obligation is said to be in arrears if it is past due.

"Arrears" is, further, not a late payment or charge for late rent, but the state of being late for rent.
« Last Edit: April 17, 2009, 03:45:47 PM by Maitreya » Logged
wordnerd
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« Reply #1 on: April 17, 2009, 12:53:09 PM »
Well, I'm not in "arrears" right now - but I see arrears coming in the future  Roll Eyes
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Unless we change direction,
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where we are headed

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731
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« Reply #2 on: April 17, 2009, 12:56:00 PM »
Oh yeah, I forgot to use it in a sentence:

"Accountant error has placed Jon's federal taxes in rearage."
« Last Edit: April 17, 2009, 03:44:12 PM by Maitreya » Logged
PacifikDreamer
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« Reply #3 on: April 17, 2009, 01:28:40 PM »
Most of us have already taken it in the arrears.  Cry
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motherearth
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« Reply #4 on: April 17, 2009, 01:42:48 PM »
ROFL  Grin
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BenjaminTheDonkey
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« Reply #5 on: April 17, 2009, 01:55:15 PM »
Quote from: PacifikDreamer on April 17, 2009, 01:28:40 PM
Most of us have already taken it in the arrears.  Cry

Huh huh. He said "our ears."
Heh heh heh.
« Last Edit: April 17, 2009, 01:59:08 PM by BenjaminTheDonkey » Logged
WE ARE SO FUCKED
Animus
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« Reply #6 on: April 17, 2009, 02:16:50 PM »
I got lots of arrears right here  Tongue Pucker up buttercup!

Om nom nom
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731
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« Reply #7 on: April 17, 2009, 02:41:30 PM »
Okay, the bigguns' group butt-shot has completely scuttled whatever dignity was accorded the Unofficial LATOC Finance Word of the Day.  Thank you, Maximus, and thank you, bigguns.
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Animus
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« Reply #8 on: April 17, 2009, 02:57:39 PM »
Sorry... It's Friday afternoon and I'm bored... I have to follow humor wherever it leads me  Cheesy

Besides... It's not every day you get to see a fat-assed pyramid.
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There is only one thing for anybody to do on a path, and that is to make sure of the next step.
caj
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« Reply #9 on: April 17, 2009, 03:21:47 PM »
tsk tsk tsk   Boys, boys!   Roll Eyes

Please remember that there's a very thin, thong-like line between "showing lots of ass" and "showing a little class". *haughty sniff*

Continue on, Maitreya. I like your financial word o' the day idea.  Cheesy
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« Reply #10 on: April 17, 2009, 03:51:10 PM »
There's a joke here somewhere:

Russian site with massive women
Russia has access to the Baltic
Baltic Dry Index is a measure of global trade in commodities
The BDI uses measurements in tonnage . . .
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