utestående

Utestående is a Swedish word that translates to "outstanding" in English. It is commonly used to describe a debt or payment that has not yet been settled or paid. For example, if a person owes money to someone and has not yet made the payment, the amount owed would be considered "utestående" until it is paid. This term can apply to various financial obligations, including invoices, loans, or any other form of debt.

The concept of "utestående" is important in accounting and financial management. Businesses track outstanding amounts to monitor their cash flow and ensure that all debts are eventually collected. Similarly, individuals may track their own outstanding payments to manage their personal finances effectively and avoid late fees or penalties. The resolution of an outstanding debt typically involves the debtor making the agreed-upon payment to the creditor.

In a broader sense, "utestående" can also refer to something that is unfinished, unresolved, or awaiting action. For instance, a task that has not yet been completed could be described as "utestående." This usage extends the meaning beyond just financial matters to encompass any situation where something is pending or incomplete. However, its most frequent application remains in the context of financial obligations.