debt service

noun

: the amount of interest and sinking fund payments due annually on long-term debt

Examples of debt service in a Sentence

Recent Examples on the Web
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Companies with volatile revenues or low profitability may struggle to meet debt service requirements. Joseph Safina, Forbes, 3 Mar. 2025 The districts would also have to share a portion of their debt service levy. Carole Carlson, Chicago Tribune, 28 Feb. 2025 Compounding this issue is the mounting burden of debt service payments. George Cardenas, Chicago Tribune, 18 Feb. 2025 To lenders, this could indicate that the asset is not generating enough net operating income to cover the debt service. Chay Lapin, Forbes, 21 Oct. 2024 See All Example Sentences for debt service

Word History

First Known Use

1929, in the meaning defined above

Time Traveler
The first known use of debt service was in 1929

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Cite this Entry

“Debt service.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debt%20service. Accessed 10 Mar. 2025.

Legal Definition

debt service

noun
: the amount of interest and principal payments due annually on long-term debt
Last Updated: - Updated example sentences
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