Please study the 20 vocabulary terms below. Then press the Mark Complete button to continue.
- arrears
- money that is owed or should have already been paid
- authorization
- official permission for something to happen
- breach
- the act of breaking a law, promise or other agreement
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As he was five months in arrears on his payments, the company repossessed his car.
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The payment was a week late because the financial director only gave authorization to pay it yesterday.
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The company was taken to court for breaching the contract.
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