Outstanding check意思

"Outstanding check" is a term used in accounting and finance to refer to a check that has been issued by a person or organization, but has not yet been cleared or deposited by the recipient. In other words, it is a check that is still outstanding, meaning it has not yet been fully processed through the banking system.

When a check is written, it is initially considered an "outstanding check" until it is cashed or deposited, at which point it becomes a "cleared check." Outstanding checks can be found in the checkbook register of the person or organization that wrote them, and they are typically listed as a current liability until they are cleared.

It's important to note that outstanding checks can affect a person's or organization's cash flow and available funds, as the money represented by the check is not yet physically available. Therefore, it is common for businesses and individuals to keep track of their outstanding checks to manage their finances effectively.