Outstanding Balance
/ˈaʊtˌstændɪŋ ˈbæləns/
Definitions
- (n.) The amount of money still owed on a loan, invoice, or account that has not yet been paid.
The accountant reviewed the outstanding balance on the client's credit card.
Forms
- outstanding balance
Related terms
See also
Commentary
Typically used in financial and contractual contexts, 'outstanding balance' refers to unpaid amounts, important for determining obligations and defaults.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.