outstanding balance
Defined in 1 place of the United States Code.
For purposes of this section, the term “outstanding balance” means the amount owed on a credit card account under an open end consumer credit plan as of the end of the 14th day after the date on which the creditor provides notice of an increase in the annual percentage rate, fee, or finance charge in accordance with section 1637(i) of this title.
Source
- 2009–present15 U.S.C. § 1666i-1Commerce and Trade · Limits on interest rate, fee, and finance charge increases applicable to outstanding balances · for purposes of this section