Glossary

Glossary

financial terms explained

Outstanding Finance

When anyone talks about outstanding finance, what they mean is the amount of money you still owe in terms of debts. For instance, when you receive a statement from creditors, it will usually outline what you have borrowed and what you have repayed, and the remainder is your outstanding finance. Ideally you would want your outstanding finance to be constantly decreasing but since you will probably be using your credit card nearly everyday this is unlikely to be the case.