what is an outstanding debt
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Part 4. Examining Process Definition of Outstanding Debt. When a business or individual borrows money, the amount borrowed is termed the principal balance. Borrowing can take several forms, including bank loans or bonds sold to investors. As the borrowed money is repaid, the principle balance decreases. At any point in time, the outstanding debt consists of the unpaid principal amount plus any accrued interest that has not been paid.
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Debt Ceiling: CNBC Explains The U.S. debt is the sum of all outstanding debt owed by the federal government. It's currently more than $20.1 trillion. Here's the current Debt to the Penny.
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What is Funded Debt? A company's funded debt-to-equity ratio represents its long-term debt in relation to its equity. It is an equation that divides a company's funded debt by its total assets. The result multiplied by 100 is a percentage that represents its funded debt ratio.
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- Current Balance: The total outstanding balance on the credit card as of the date. Last Statement Balance: Outstanding balance as of the date of the last statement. It's gotten a little tougher to understand with online access to cards, but basically you have a payment due each month (in your case, on the 6th).
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Intermediate Accounting: Ch. 5 A company's debts or obligations that are due within one year. Current liabilities appear on the company's balance sheet and include short term debt, accounts payable, accrued liabilities and other debts. A company's debts or obligations that are due within one year.
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What is Bad Debt Expense? Home > Accounting Dictionary > B Terms > Bad Debt. Bad debt is a receivable that is no longer collectable, also called an uncollectable account. This can happen when a company allows a customer to put a purchase on credit. Just about every department stock and home improvement stock offers their own credit cards. This is kind of the same concept.
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Student debt Student debt. Student debt is a form of debt that is owed by an attending, withdrawn or graduated student to a lending institution. The lending is often of a student loan, but debts may be owed to the school if the student has dropped classes and withdrawn from the school.
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Long-Term Debt and the Debt-to-Equity Ratio on the Balance Sheet The amount of long-term debt on a company's balance sheet refers to money a company owes that it doesn't expect to repay within the next twelve months. Remember that debts expected to be repaid within the next twelve months are classified as current liabilities.
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Balance (accounting) In banking and accountancy, the outstanding balance is the amount of money owed, (or due), that remains in a deposit account. In bookkeeping, “balance” is difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. When total debits exceed total credits, the account indicates a debit balance. The opposite is true when the total credit exceeds total debits, the account indicates a credit balance. If the debit/credit totals are equal, the balances are considered zeroed out. In an accounting period, balance reflects the net value of assets and liabilities. To better understand balance in the accounting equation.
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The U.S. Debt and How It Got So Big The U.S. debt is the sum of all outstanding debt owed by the Federal Government. It's greater than $19 trillion and is tracked by the national debt clock. America's debt is the largest in the world for a single country. It runs neck and neck with that of the European Union, which is an economic union of 28 countries. For more, see Sovereign Debt Rankings.
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accounts payable (A/P) Related Terms. Unpaid bills. Accounts that are owed to suppliers (trade creditors) as distinguished from accrued interest, rent, salaries, taxes, and other such accounts. Accounts payable are shown under current (short-term) liabilities in the balance sheet.
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Debt charged off â do I still have to pay? But don’t feel bad about not knowing that, because many people are confused on this fact. After all, if it’s charged off, it sure sounds like it went away, right? And it did — just not away from you. When a debt or any asset is charged off, it is taken off a balance sheet. A debt that has been charged off is normally more than 180 days past due. If no payment has been made in that period of time, the accounting rule is that, because it is unlikely it will be paid in the near future, it can’t be carried on the books as a current asset. Therefore, the debt is charged off.
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What is 'Debt Service' If ABC’s principal and interest payments due within a year total $2 million, the debt service coverage ratio is ($10 million income / $2 million debt service), or 5. The ratio indicates that ABC has $8 million in earnings above the required debt service, which means the firm can take on more debt.
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- Basically, delinquent debt is money that is owed, past the traditional 30-day period, by one party (the debtor) to another party, for goods or services rendered. Although debt over 30 days is considered delinquent, we are primarily talking about accounts that are still outstanding after 180 days. That is traditionally the point at which companies write off their debt--where they realize that the delinquent account may not be collectable.
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- Definition: The interest on the national debt is how much the federal government must pay on outstanding public debt each year. The current interest on the debt is $266 billion. That's from the federal budget for fiscal year 2017 (October 1, 2016, through September 30, 2017). The public debt is $14.7 trillion.
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What Is a Debt Service Ratio In a Business Loan? What is Debt Service? Debt service is the amount of money required over a period of time to repay debts. It includes repayment of: principal and interest ; and lease payments (on business vehicles, for example) This amount is usually calculated for a year. Debt Service as an Important Key to Business Credit
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What is 'Short-Term Debt' What is 'Short-Term Debt'. Short-term debt is an account shown in the current liabilities portion of a company's balance sheet. This account is made up of any debt incurred by a company that is due within one year. The debt in this liabilities account is usually made up of short-term bank loans taken out by a company, among other types.
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debt Definition of debt. 1  1 : sin, trespass Forgive us our debts. 2  2 : something owed : obligation unable to pay off his debts owe them a debt of gratitude a criminal's debt to society. 3  3 : a state of being under obligation to pay or repay someone or something in return for something received : a state of owing deeply in debt to creditors.
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- The average federal loan debt outstanding is $28,973 per borrower, as of June 30, 2015.
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senior debt Senior Debt. A debt that has higher priority compared to another in the event of liquidation. That is, if a company goes bankrupt and is liquidated, holders of secured debt must be paid before holders of unsecured debt. In this case, the secured debt is senior debt with respect to the unsecured debt.
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National debt of the United States The national debt of the United States is the debt carried by the federal government of the United States. The public debt is measured as the value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies.
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- DEFINITION of 'Junior Debt'. Junior debt is debt that is either unsecured or has a lower priority than of another debt claim on the same asset or property. It is a debt that is lower in repayment priority than other debts in the event of the issuer's default. Junior debt is usually an unsecured form of debt, meaning there is no collateral behind the debt. Next Up.
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- What are 'Accounts Receivable - AR'. Accounts receivable refers to the outstanding invoices a company has or the money the company is owed from its clients. The phrase refers to accounts a business has a right to receive because it has delivered a product or service.
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outstanding shares The number of ordinary shares that, after their issue, have been sold to and are being held by shareholders. Computation of dividend, and the market capitalization of a publicly traded company, are based on the number of outstanding shares. In a balance sheet they are shown under the heading issued share capital (in the UK) or capital stock issued & outstanding (in the US). Also called shares outstanding, outstanding stock. business combin...
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What is an outstanding check? What is an outstanding check? An outstanding check is a check that has been written by a company (and deducted from the appropriate general ledger cash account) but it has not yet cleared the bank account on which it is drawn. Hence, outstanding checks will mean that the balance in the bank account will be greater than the ba...
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- “Here Everything’s Better” is the slogan at HEB Grocery Company, but that is not what the acronym means. The name comes from the founding lady’s son’s initials – Howard Edward Butt. She gave control to her son in 1919. In 1905, Florence Butt, founder of H-E-B, opened C. C. Butt Grocery store.