outstanding balance

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.

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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.