current arrears definition
current arrears means arrears that are accruing on an on-going basis;
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Related to current arrears
Current Date means any day during the 20-day period ending on the date of the Closing.
Current Expenses means operating costs other than personal services and shall not
Unused Fees has the meaning assigned to such term in the Lender Fee Letter.
Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.
Arrears for this purpose means, in respect of a Loan, on any date that two or more Monthly Payments have become due and remain unpaid by the relevant Borrower, and this reporting line relates to repurchases under clause 8.11 of the Mortgage Sale Agreement.