### Question
Can you define what outstanding balance means?


### Answer
**Outstanding balance** is defined as the following in *15 U.S.C. § 1666i*:

> 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

#### Citation:
  - *15 U.S.C. § 1666i*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER I-CONSUMER CREDIT COST DISCLOSURE > Part D-Credit Billing**

