Arrears (noun)

Money that is past due and unpaid, especially rent or payments on a loan.

Origin:

From middle english areres, from old french areres, from arere ("in the rear"), from latin ad ("to") + retro ("backwards"). .

Examples:

1. He was evicted from his apartment because he fell into arrears on his rent.
2. The company was in arrears on its payments for the office building.
3. She was penalized for being in arrears on her credit card payments.
4. The bank threatened to foreclose on the house if the mortgage arrears were not paid.
5. The company was able to avoid bankruptcy by paying off its arrears.