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 ?
The report indicates that in recent years credit card profitability has generally been higher than returns on other major bank product lines, although net earnings as a percentage of outstanding balances for credit card banks in 1992 were not as high as they were in the mid-1980s.
In 1991, the costs of credit card activities totaled about 23 percent of outstanding balances at FCA-participating banks.
In addition, all Japanese banks' outstanding balance of real deposits -- total deposits minus checks and discount bills -- rose 0.
More commonly, lenders set minimum payments at some percentage of the outstanding balance (for instance, 1 1/2 percent).
The association also said the outstanding balance of loans by the 137 banks, which also include eight trust banks and two long-term credit banks, totaled 4,307.
The outstanding balance of ordinary and other liquid deposits at ''shinkin banks'' (credit associations) fell in May for the first time in four months, suggesting a fund shift from time deposits had subsided, the Shinkin Central Bank said Friday.
4% CE and based on currently outstanding balance for class M6, it only equals 0.
9% fall in the combined outstanding balance of individual life insurance and annuity contracts at the March 31 end of the business year from a year earlier.
The debt consists of the outstanding balance of government bonds, borrowings and financing bills.
This transaction also features an additional principal amount, which serves as a zero tolerance overcollateralization test that diverts interest to pay down notes to the extent that the aggregate principal balance of the notes exceeds the outstanding balance of the performing loans.