An outstanding balance is the amount still left to pay. Clear the outstanding balance, an outstanding balance of forty pounds.
Outstanding here means unsettled rather than excellent, which is a real trap in the word. Interest is usually charged on the outstanding balance rather than on the original sum.
1nounoutstanding balanceThe amount still left to pay.
“The outstanding balance was cleared on the last day of the month.”
outstanding balance is an amount.
Practised in Shopping & Money