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Business Definition for: outstanding balance
outstanding balance

amount currently owed on a debt .

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 © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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