Definition, Meaning & Synonyms
outstanding payment
noun
/aʊtˈstændɪŋ ˈpeɪmənt/
Definition
An outstanding payment is a sum of money that has not yet been paid by an individual or organization, typically for goods or services received.
Examples
- The company expects all outstanding payments to be settled by the end of the month.
- If your outstanding payment is not made on time, your account may be suspended.
Meaning
It refers to any amount owed that is still due, indicating that the payment deadline has not been met.
Synonyms
- unpaid balance
- due amount
- amount owed
