Word of the day

Corporate tax: It's exciting stuff, yo.
(The dark secret, of course, being that I really enjoy it.)

ar·rear·age
Pronunciation Key (-rîrj)
n.

1. The state of being behind in the fulfillment of obligations or of being overdue in payment.
2. A payment owed.


Source: The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2000 Houghton Mifflin Company.