Definition, Meaning & Synonyms
outstanding-loan
Noun
/aʊtˈstændɪŋ loʊn/
Definition
An outstanding loan is a loan that has not yet been paid back in full.
Examples
- After reviewing her finances, Maria realized she had an outstanding loan that needed to be addressed.
- The bank sent her a reminder about her outstanding loan payments.
- He was concerned about his outstanding loans affecting his credit score.
Meaning
It refers to the amount of money borrowed that is still owed to the lender.
Synonyms
- Unpaid loan
- Remaining loan
- Due loan
