| gen. |
balance outstanding (Can I pay off the balance outstanding on my loan at any time ... Alexander Demidov); outstanding balance (In banking and accountancy, the outstanding balance is the amount of money owed, (or due), that remains in a deposit account. WK. The amount owed on a debt, as of a particular date. Title companies will obtain an outstanding balance for liens on property being sold,as of the anticipated date of closing, with a daily accrual for additional interest due each day the closing is delayed. The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 Alexander Demidov); outstanding debt (Debt that has not yet been repaid in full. For example, if one borrows $10,000 and has paid back $2,000, the outstanding debt is $8,000. In general, interest is calculated over the outstanding debt rather than the original amount borrowed. Farlex Financial Dictionary. © 2012 Alexander Demidov) |
