Average Outstanding Balance

Filed Under » ,
Dictionary Says

Definition of 'Average Outstanding Balance'

The unpaid, interest-bearing balance of a loan or loan portfolio averaged over a period of time, usually one month. The average outstanding balance refers to any term, instalment, revolving or credit card debt on which interest is charged.
Investopedia Says

Investopedia explains 'Average Outstanding Balance'

The average outstanding balance on credit cards and loans is a critical factor in a consumer's credit rating. Average outstanding balances on credit cards are reported to credit agencies monthly on active accounts, along with any amounts that are past due.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Loan

    The act of ...
  2. Average Balance

    The balance on a ...
  3. Consumer Debt

    Debts that are ...
  4. Credit Rating

    An assessment of ...
  5. Average Daily Balance Method

    A credit card ...
  6. Agency Bond

    A bond issued by ...
  7. Convertible Arbitrage

    An investing ...
  8. Liquidation

    1. When a ...
  9. Canada Savings Bond - CSB

    A financial ...
  10. Illiquid

    The state of a ...

Articles Of Interest

  1. The Importance Of Your Credit Rating

    A great starting point for learning what a credit score is, how it is calculated and why it is so important.
  2. How is my credit score calculated?

  3. Expert Tips For Cutting Credit Card Debt

    Managing your debt could mean the difference between spending $45,000 or saving $184,000.
  4. 6 Major Credit Card Mistakes

    Avoid these pitfalls to keep your credit score healthy and your debt under control.
  5. This Is Your Brain On Stocks

    Find out how the human mind can hurt investors' portfolios.
  6. Should You Invest Your Entire Portfolio In Stocks?

    It is true that stocks outperform bonds and cash in the long run, but that statistic doesn't tell the whole story.
  7. 5 Tips For Diversifying Your Portfolio

    A diversified portfolio will protect you in a tough market. Get some solid tips here!
  8. 5 Popular Portfolio Types

    Learning how to build these portfolios will increase your investing confidence and give you financial control.
  9. How To Invest When You're Deep In Debt

    Debt is one of the biggest obstacles that prevents people from investing - but it shouldn't be.
  10. Finding Your Investing Comfort Zone

    Choosing the right investments for you is the best way to feel comfortable with your portfolio.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center