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Defaulting vs Arrearage - What's the difference?

defaulting | arrearage |

As a verb defaulting

is .

As a noun arrearage is

a condition of being in arrears.

defaulting

English

Verb

(head)

    • arrearage

    English

    Noun

    (en noun)
  • A condition of being in arrears.
  • An item that is in arrears, as periodic payments on a debt or for taxes.
  • * {{quote-news, year=2009, date=February 8, author=Teri Karush Rogers, title=A Condo Toughens Its Stance and Tightens Its Belt, work=New York Times citation
    • , passage=“We’ve had maybe one or two arrearages on a regular basis since 2006 when I got on the board,” said Marc Held, a member until December.}}