Pending status - definition (2024)

FAQs

Pending status - definition? ›

A pending status on a work item indicates that the work item is open but progress is paused or halted temporarily while the organization is waiting for information, a decision, a signature or other events outside organization control.

A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn't closed yet. (This is different from a contingent sale.) A property is placed in pending status the minute a contract is executed.

Meaning of pending in English. about to happen or waiting to happen: There were whispers that a deal was pending.

adjective. remaining undecided; awaiting decision or settlement; unfinished: pending business; pending questions; pending litigation. about to take place; impending.

When a payment is marked as “pending” it means that the payment process still needs to be completed.

Pending transactions affect the amount of money or credit you have available, which can be confusing if you aren't aware of them. A pending transaction is a credit or debit on your credit card or bank account that has been approved but not yet processed.

Pending transactions generally take between one and five business days to clear.

Pending transactions are transactions that haven't been fully processed yet. For example, if you make a purchase with a debit card or credit card, it will almost always show as pending immediately when you view your account online or in a mobile banking app.

Pending is a term used to describe an action or process which has been started but is not yet complete. It indicates that something is in progress or awaiting approval or resolution.No. A property is considered pending after the owner has accepted an offer from a buyer.

For everyday transactions that may be pending, you'll likely see them processed within three to five business days.

What is an example of pending? ›

Examples of pending in a Sentence

Preposition He is being held in jail pending trial. She received a four-year sentence and is currently out on bail pending appeal. Adjective The results of the investigation are pending. There are lawsuits pending against the company.

When you make a purchase with your debit card, a hold is placed on the funds. This is called a “pending transaction.” The transaction “posts” when the funds are moved from your account to the accounts of the merchant.

Your balance is the current gross amount held within your account. Your balance after pending is the amount you currently have available to spend, taking into account the amount of money in your account and any recent transactions not yet cleared. This amount will not include any arranged overdraft limit you have.

A pending status means the seller and their agent are confident the sale has cleared its major hurdles and is on its way to closing. Pending offers usually signal that a sale is almost complete, and the owner is unlikely to consider other offers.

While WIP and pending work may seem similar, they are actually quite different. WIP is classified differently than pending work because it meets specific requirements. Therefore, WIP generally takes precedence over pending work. WIP is any task or activity that has started but has yet to be completed.

However, in general terms, pending means “waiting to be settled.” So you might come across someone using the term pending loosely as a synonym for "under contract," regardless of the status of any contingencies.

The funds from a pending transaction are typically available within 1-2 business days. Some transactions take longer, but this is rare. Direct deposits usually clear within 1-3 business days.

A pending transaction on your bank account means your bank is processing a purchase you made, a bill you paid, or a deposit that's heading your way, but it hasn't been completed yet. Either the payment hasn't been sent to the vendor yet or the incoming funds haven't cleared, although they are in process.