Balance outstanding

USAGE SUMMARY

The phrase "Balance outstanding" is correct and usable in written English.
It is typically used in financial contexts to refer to the amount of money that is still owed or due. Example: "Please check your account statement to see the balance outstanding before making your next payment."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

For every down-payment, after all, there is a balance outstanding.

The Economist

"When a meter reader subsequently visited the property, we were given a true reading for his account and found there was a £1,000 balance outstanding.

Independent

Total balance outstanding: $179 million.

Forbes

The stranded cost is the investment balance outstanding when a generation unit is forced to shut down because it is not economically competitive.

International Journal of Electrical Power & Energy Systems

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

That accounts for nearly the entire $134 billion decline in revolving credit balances outstanding in the same period.

The New York Times

Eighty institutions offer more than 250 credit card products in Australia, with the four major banks accounting for about 70% of balances outstanding.

The Guardian

Amex's charge-offs of debt deemed unrecoverable have climbed in a few months from unusually low levels to well above the historic average of 4.8% of balances outstanding.

The Economist

The current balance of outstanding loans – £24bn – is expected to rise to £70bn by 2015-16, the report says.

The Guardian

Every time you log on to Yodlee its computers visit your other financial Web sites, collecting data from your checking account balance, your outstanding credit balance and even your frequent-flier mileage.

Forbes

His alphabet was a bit of a failure (I couldn't understand what he was saying, probably something about pasta), but his balance was outstanding.

Vice

The Treasury didn't force the banks to write down these loans, and billions in balances remain outstanding.

The New York Times

Expert writing Tips

Best practice

When discussing financial matters, clearly specify the currency and timeframe to which the "balance outstanding" refers to avoid ambiguity. For example: "The balance outstanding on your account as of July 31st is $500".

Common error

Avoid using "balance outstanding" interchangeably with "account balance" in contexts where the account balance might include credits or available funds. "Balance outstanding" specifically refers to the amount owed.

Linguistic Context

The phrase "balance outstanding" functions primarily as a noun phrase, often acting as the subject or object of a sentence. Ludwig AI indicates that the phrase is grammatically sound and usable in written English, particularly in financial contexts.

Expression frequency: Rare

Frequent in

News & Media

50%

Science

25%

Formal & Business

25%

Less common in

Encyclopedias

0%

Wiki

0%

Social Media

0%

Ludwig's WRAP-UP

The phrase "balance outstanding" is a grammatically correct noun phrase primarily employed in financial contexts to denote the remaining amount due on an account or debt. As confirmed by Ludwig AI, it is a sound and usable expression in written English. While its occurrence is relatively rare, its use is consistently professional and neutral, with a frequent presence in News & Media sources and some presence in Science and Formal & Business contexts. Alternative phrases like "outstanding amount" or "amount due" offer similar meanings. When using this phrase, clarity regarding the currency and timeframe is crucial, and it should not be confused with a general "account balance".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

outstanding amount

Focuses on the amount, similar to "balance outstanding", but with a slightly different word order.

amount due

Highlights the aspect of the sum that needs to be paid. It's direct and straightforward.

unpaid balance

Emphasizes the 'unpaid' status of the balance. Shifts the focus to the lack of payment.

remaining balance

Focuses on what is left to be paid. Indicates that a portion has already been settled.

outstanding debt

Replaces "balance" with "debt", emphasizing the financial obligation.

debt outstanding

Reorders "outstanding debt", maintaining the same meaning but with a different emphasis.

arrears

Implies a state of being behind on payments, which results in an outstanding balance.

due balance

Similar to "amount due", but using the word "balance" explicitly.

open balance

Indicates that the balance has not been cleared and is still active.

unsettled balance

Highlights that the balance is yet to be resolved or cleared.

FAQs

What does "balance outstanding" mean in financial terms?

In financial terms, "balance outstanding" refers to the amount of money that is still owed on a debt or account at a specific point in time. It's the remaining amount that needs to be paid to fully settle the obligation.

What's a common alternative to "balance outstanding"?

A common alternative is "amount due", which also indicates the sum of money that needs to be paid.

How do I inquire about my "balance outstanding"?

You can typically inquire about your "balance outstanding" by checking your account statement, logging into your online account, or contacting the creditor or service provider directly.

Is "balance outstanding" the same as "credit balance"?

No, "balance outstanding" refers to the amount you owe, while a "credit balance" indicates that you have overpaid and the creditor owes you money. They are opposite situations.