outstanding balance

Dictionary of Business Terms for: outstanding balance
outstanding balance

amount currently owed on a debt.

Dictionary of Real Estate Terms for: outstanding balance
outstanding balance

the amount currently owed on a debt.

Example: Whitman borrowed $10,000. She then paid $1,200 of interest and $500 toward principal. Her outstanding balance is $9,500 ($10,000 minus $500).

Copyright (c) by Barron's Educational Series. Reprinted by arrangement with the publisher of this site.