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.

   3. So prominent so as to attract notice; conspicuous; usually
      but not always in a good sense.
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