Arrears Posted on 2nd November 201517th July 2021 by ThePD (The Project Definition) Arrears are the amount of money that is owed and should have been paid earlier. Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Related Posted in Business and tagged commercial, finance. ThePD (The Project Definition) ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.