Personal Finance

Arrears
Overdue payments on a contract (rent, mortgage, utilities, child support) after one or more missed due dates.
Bank Account
An agreement with a bank to hold and manage funds, enabling deposits, withdrawals, and payments.
Household
The basic decision-making unit for consumption, saving, and labor supply in microeconomics and macroeconomics.
Pension Rights
The economic value of future pension entitlements from public and occupational pension systems.