There are multiple definitions - click on the translation that matches your context.

atraso

substantivo

full

arrears

noun

Definitions of arrears

English

money owed that has not been paid on time

"There is absolutely no excuse for persistent rent (=fixed amount paid to use property owned by someone else) arrears" said councillor John Jeffreys.

English

payment in arrears is payment following the completion of a job

All payments of commission will be paid once every year, in arrears, until the agreement expires.