Good morning, welcome back to Word or the Week Wednesday! Let’s look at paid in arrears. Paid in arrears is a payment for services, such as utilities, after the services have been used, rather than paying for a service in advance. Fun fact: In Florida, real estate taxes are paid in arrears, while most insurances require payment in advance for the following period.
![](https://www.commercialpartnersrealty.com/wp-content/uploads/2023/04/1-Arrears.png)
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