{"iri":"http://lmss.sali.org/RBd1clKZgj2xZh3Hi4reLVQ","id":"RBd1clKZgj2xZh3Hi4reLVQ","label":"Arrearage","definition":"Arrearage refers to the amount of money that is overdue in a payment obligation, often accumulating as a result of missed or partial payments. Failure to clear arrearages can lead to penalties, higher interest rates, and legal actions such as repossession or foreclosure.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RhBgnef56iLBXYfPqWQE41","label":"Financial Concepts and Metrics"},"parents":[{"iri":"http://lmss.sali.org/R77rieb3DsQdxBQrzBKyb0k","id":"R77rieb3DsQdxBQrzBKyb0k","label":"Debts"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RBd1clKZgj2xZh3Hi4reLVQ/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}