Definition, Meaning & Synonyms
outstanding-debt
noun
/ˌaʊtˈstændɪŋ dɛt/
Definition
Outstanding debt refers to the total amount of money that a borrower still owes to a lender which has not yet been repaid.
Examples
- The company’s outstanding debt made investors nervous.
- She worked hard to reduce her outstanding debt over the years.
- It’s important to manage your outstanding debt carefully to avoid financial trouble.
Meaning
It represents a financial obligation that has not been cleared or settled, typically in terms of loans, including mortgages and credit cards.
Synonyms
- unpaid debt
- liabilities
- outstanding balance
