Dictionary definitions
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outstanding
From The Collaborative International Dictionary of English v.0.48:
Outstanding \Out*stand"ing\, a.
1. That stands out; undischarged; uncollected; not paid; as,
outstanding obligations.
[1913 Webster]
Revenues . . . as well outstanding as collected.
--A. Hamilton.
[1913 Webster]
2. Conspicuously excellent; markedly superior; distinguished.
[PJC]
3. So prominent so as to attract notice; conspicuous; usually
but not always in a good sense.
[PJC]

