outstanding balance


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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.

outstanding balance

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.

References in periodicals archive ?
In 1991, the costs of credit card activities totaled about 23 percent of outstanding balances at FCA-participating banks.
More commonly, lenders set minimum payments at some percentage of the outstanding balance (for instance, 1 1/2 percent).
The outstanding balance of postal savings dropped to 230 trillion yen at the end of September from 233 trillion yen at the start of April, it said.
With the move, the outstanding balance of current accounts has grown to the highest level since April 2, when the amount reached around 31.
Fitch's analysis of required prepayments of principal under several stress scenarios indicates an extremely low likelihood that any outstanding balance would exist on final maturity.
The umbrella organization of shinkin banks across Japan said the outstanding balance of liquid deposits -- assets that can be cashed immediately on demand -- at the institutions was 30,564.
All other states represent less than 5% of the outstanding balance of the pool.
The outstanding balance of real deposits at seven major Japanese commercial banks, known as city banks, totaled 224,697.
4% CE and based on currently outstanding balance for class M6, it only equals 0.