outstanding

Remaining undischarged; unpaid; uncollected; as an outstanding debt. Constituting an effective obligation. When said of stock, the shares issued less treasury stock. When said of checks, it means a check issued but not yet presented for payment; a check that did not clear the drawer's bank prior to the bank statement date. Existing as an adverse claim or pretension; not united with, or merged in, the title or claim of the party; as an outstanding title

@ outstanding and open account

In legal and commercial transactions it is an unsettled debt arising from items of work and labor, goods sold and delivered, and other open transactions, not reduced to writing, and subject to future settlement and adjustment and usually disclosed by account books of the owner of the demand and does not include express contracts or obligations which have been reduced to writing such as bonds, bills of exchange, or notes. Lee v. De Forest, 22 Cal.App.2d 351, 71 P.2d 285, 291

@ outstanding balance

Current amount owed on debt

@