<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RBd1clKZgj2xZh3Hi4reLVQ">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R77rieb3DsQdxBQrzBKyb0k"/>
  <rdfs:label>Arrearage</rdfs:label>
  <skos:definition>Arrearage refers to the amount of money that is overdue in a payment obligation, often accumulating as a result of missed or partial payments. Failure to clear arrearages can lead to penalties, higher interest rates, and legal actions such as repossession or foreclosure.</skos:definition>
</owl:Class>