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Noun (thing)
Arrears
money that is owed or should have already been paid
As he was five months in arrears on his payments, the company repossessed his car.
Noun (thing)
Authorization
official permission for something to happen
The payment was a week late because the financial director only gave authorization to pay it yesterday.
Verb (infinitive)
Breach
the act of breaking a law, promise or other agreement
The company was taken to court for breaching the contract.
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