Average Outstanding Balance
Average Outstanding Balance
The balance still owed on a
portfolio of
credit cards divided by the number of credit card accounts represented in the portfolio.
Investors considering
buying a credit card portfolio may look at the average outstanding balance to measure the potential profitability of the
investment.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Copyright © 2003-2025 Farlex, Inc
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.