Cross-Border Outstanding

Any loan, receivable, or extended payment owed by a person outside a bank’s home country is known as having a cross-border outstanding. The owed amount can be in either country’s currency.

So if you're hiding out in the Canadian wilderness and owe money to a U.S. bank, keep in mind that the Canadian Mounties always get their “man.”

Even if her name is Nell. Or Dudley.