hátralék

Hátralék is a Hungarian word that translates to "arrears" or "outstanding balance" in English. It commonly refers to a debt that is past due or a payment that has not been made by its scheduled date. This can apply to a variety of financial situations, including mortgage payments, loan installments, utility bills, or rent.

When an individual or entity has a hátralék, it signifies that they have failed to meet their financial obligations within the agreed-upon timeframe. This can lead to various consequences, such as late fees, interest charges, damage to credit scores, or even legal action depending on the nature and severity of the outstanding amount.

In a business context, hátralék can also refer to work that has not been completed by its deadline or tasks that are behind schedule. This usage extends the concept beyond just financial obligations to encompass the delay in fulfilling any kind of commitment or responsibility. Understanding hátralék is important for managing personal and professional finances effectively, as it highlights the importance of timely payments and the completion of tasks.