Outstanding Balance

It refers to the amount of funds taken from a financial institution that has not been repaid in full on the due date.  It is mostly an interest-bearing sum taken for over a period of time usually 1 month. 

The average outstanding balance refers to the term or the installment frequently reported by the credit debit card companies to the consumer credit bureau and it is used to get the monthly credit scores and the underwritings. Those who invest in businesses may also report delinquent payments that begin 60 days late. 

The borrowers can use over 30 percent of the total available debt and the outstanding can help to improve the credit score to reduce the total balance, while, the account holder can make a larger payment to lower the overall balance of the credit structured products.