resolve outstanding balances

USAGE SUMMARY

The phrase "resolve outstanding balances" is correct and usable in written English.
You can use it in financial contexts when discussing the need to settle unpaid debts or amounts owed. Example: "To maintain a good credit score, it is essential to resolve outstanding balances on your accounts."

✓ Grammatically correct

News & Media

Wiki

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Resolve to take control of your credit card usage and set a goal to pay off outstanding balances as soon as possible.

Huffington Post

And Iraqi factions could fail to resolve outstanding differences.

The New York Times

Kmart said the companies were still discussing transition arrangements and seeking to resolve outstanding claims.

The New York Times

He plans to meet representatives of airports operator BAA to resolve outstanding issues.

The Guardian - Business

HSBC will acquire the store-card accounts and their outstanding balances, Bon-Ton said.

The New York Times

Outstanding balances for consumer credit total £215.6bn, higher than the peak seen before the financial crisis.

The Guardian - Money

Average outstanding balances overall are down 12% in December alone, Tower Group says.

Forbes

"People are whittling away at outstanding balances.

Huffington Post

And the outstanding balances that are late rises to 21%.

Los Angeles Times

However, the formation of the Lord Howe Island Board of Control was needed in 1913 to resolve outstanding issues.

Wikipedia

After consolidating essential financial documents, you can take next steps to resolve outstanding debt.

Huffington Post

Expert writing Tips

Best practice

When discussing personal finances, using "resolve outstanding balances" can motivate prompt action. For instance, state: "I aim to resolve outstanding balances before the end of the quarter."

Common error

Avoid using "revolve" instead of "resolve." "Resolve" means to settle or find a solution, while "revolve" means to move in a circle. Saying "revolve outstanding balances" doesn't make sense in a financial context.

Linguistic Context

The phrase "resolve outstanding balances" functions primarily as a call to action within financial contexts. It encourages individuals or entities to address and settle any existing debts or unpaid amounts. This is supported by Ludwig AI, which identifies its use in settling unpaid debts.

Expression frequency: Missing

Frequent in

News & Media

50%

Wiki

25%

Formal & Business

25%

Less common in

Science

0%

Encyclopedias

0%

Academia

0%

Ludwig's WRAP-UP

The phrase "resolve outstanding balances" is a grammatically correct expression commonly used in financial contexts to describe settling debts or addressing financial discrepancies. Ludwig AI confirms its usability in formal settings. Although examples are limited, the phrase appears most frequently in news and media sources. Alternatives include "settle outstanding debts" or "clear remaining balances". When using this phrase, ensure you're referring to a financial obligation and avoid confusing "resolve" with similar-sounding words. By prioritizing the resolution of outstanding balances, you can improve your financial health and maintain a good credit score.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Settle outstanding debts

Focuses on the action of settling debts that are yet to be paid.

Clear remaining balances

Emphasizes the act of clearing or eliminating the remaining amount owed.

Pay off existing debts

Highlights the action of paying off debts that currently exist.

Rectify unpaid accounts

Suggests correcting or setting right accounts that have not been paid.

Address outstanding dues

Focuses on addressing and taking care of dues that are still owed.

Reconcile outstanding amounts

Emphasizes the process of reconciling or bringing into agreement amounts that are owed.

Discharge outstanding obligations

Highlights the formal release or fulfillment of outstanding financial obligations.

Liquidate outstanding liabilities

Focuses on converting assets into cash to cover outstanding liabilities.

Finalize outstanding payments

Emphasizes completing or finalizing payments that are still outstanding.

Resolve financial discrepancies

Suggests addressing and resolving any discrepancies in financial accounts.

FAQs

How can I use "resolve outstanding balances" in a sentence?

You can use "resolve outstanding balances" in a sentence to describe the action of paying off debts. For example, "It is important to "resolve outstanding balances" to maintain a good credit score."

What are some alternatives to saying "resolve outstanding balances"?

Some alternatives to "resolve outstanding balances" include "settle outstanding debts", "pay off existing debts", or "clear remaining balances".

Is it better to "resolve outstanding balances" or "eliminate outstanding balances"?

"Resolve outstanding balances" implies finding a solution and settling the debt, while "eliminate outstanding balances" focuses on completely removing the debt. Both are acceptable, but "resolve" is often preferred in formal contexts.

What's the difference between "resolve outstanding balances" and "manage debt"?

"Resolve outstanding balances" refers specifically to settling existing debts, while "manage debt" is a broader term that includes strategies for handling and controlling debt, including preventing future debt accumulation.