outstanding amount

USAGE SUMMARY

'outstanding amount' is correct and usable in written English.
You can use it when referring to a sum of money that is owed or that is yet to be paid. Example: The company is still trying to collect the outstanding amount of $12,000 from their customer.

✓ Grammatically correct

Formal & Business

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

55 human-written examples

Any outstanding amount will be written off after 30 years.

The Guardian

They've created an outstanding amount of wealth, of economic wealth.

The New York Times - Arts

The outstanding amount is believed to have been laundered from the UK.

The Guardian

We are, of course, happy to transfer any outstanding amount to a new card.

The Guardian - Money

To pay the outstanding amount, Ms. Auleley drew $1,581.83 from Neediest Cases and received $1,053.49 from FEMA.

The New York Times

Eventually Santander agreed to waive the outstanding amount and to get the debt collection agency to stop chasing me.

The Guardian - Money

Only when the entire outstanding amount is paid in full will they be allowed into family lunch with their classmates".

The Guardian

Human-verified similar examples from authoritative sources

Similar Expressions

4 human-written examples

Family Golf said its lenders have accelerated the company's obligations under the loan agreements and said all outstanding amounts are immediately due.

The New York Times

The accompanying tables show the growth in outstanding amounts of currency since euro coins and bills were introduced at the beginning of 2002.

The New York Times

Still, he said, the private placement life insurance industry was relatively small; the cash value of all policies outstanding amounts to perhaps $4 billion to $5 billion.

The New York Times

"We will begin with sending out letters and then escalate it from there to the maximum fine of 2,500 euros" — $3,330 — "on top of the outstanding amounts due in late fees and interest," a spokesman for the Department of Environment said in an interview on Monday.

The New York Times

Expert writing Tips

Best practice

When discussing financial obligations, clearly specify the currency associated with the "outstanding amount" to avoid ambiguity.

Common error

Be careful not to confuse "outstanding amount" (a sum owed) with 'outstanding' used to describe exceptional qualities or achievements. Context is key to avoid misinterpretation.

Linguistic Context

The phrase "outstanding amount" functions primarily as a noun phrase, identifying a specific quantity of something, typically money, that remains unpaid or unresolved. Ludwig provides several examples where it directly relates to financial obligations.

Expression frequency: Very common

Frequent in

News & Media

33%

Formal & Business

33%

Science

25%

Less common in

Encyclopedias

2%

Wiki

2%

Reference

0%

Ludwig's WRAP-UP

The phrase "outstanding amount" is a common and grammatically correct noun phrase used to refer to a quantity, usually of money, that remains unpaid or unresolved. Ludwig AI confirms its usability in written English and through numerous examples, demonstrates its prevalent use across various contexts, including news, business, and scientific domains. When using this phrase, ensure clarity by specifying the currency and avoiding confusion with the adjective 'outstanding'. Alternatives like "unpaid balance" or "amount due" offer similar meanings, while maintaining a professional tone is generally advisable.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Unpaid balance

Focuses specifically on the portion of a balance that has not yet been paid.

Remaining debt

Highlights the portion of a debt that is still owed.

Outstanding debt

Is very similar, but emphasizes the debt aspect rather than the sum itself.

Amount due

Emphasizes the obligation to pay a specific sum.

Balance owing

A more formal way of indicating the amount that is currently owed.

Unsettled sum

Highlights that a financial transaction has not yet been finalized.

Outstanding total

Emphasizes the total sum that has yet to be paid or resolved.

Due amount

A simpler way to refer to the amount that must be paid.

Exceptional quantity

Shifts focus to an unusually large or noteworthy amount.

Remarkable sum

Implies the amount is notably large or significant.

FAQs

How is "outstanding amount" typically used in financial contexts?

In financial contexts, "outstanding amount" generally refers to the portion of a debt, loan, or invoice that remains unpaid. It's the sum that is still owed to a creditor or service provider.

What are some synonyms for "outstanding amount"?

Alternatives to "outstanding amount" include "unpaid balance", "remaining debt", or "amount due", depending on the specific situation and desired emphasis.

Is there a difference between "outstanding amount" and "outstanding balance"?

The terms "outstanding amount" and "outstanding balance" are often used interchangeably. However, "outstanding balance" might be used more frequently in the context of credit cards or accounts where the balance fluctuates, while "outstanding amount" can refer to a fixed sum, such as a loan.

How do I calculate the "outstanding amount" on a loan?

The "outstanding amount" on a loan is the original loan amount minus any principal payments you've already made. It doesn't typically include future interest payments, although it may include any accrued but unpaid interest.