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Examples of debt service in a Sentence
Recent Examples on the Web
The filing outlines the company's contractual obligations, including debt service commitments and vessel construction costs, totaling $1,259,058,000.
—Quartz Bot, Quartz, 7 Nov. 2024
This type of cash trap is triggered when an investment property's net operating income (NOI) falls below a specific debt service coverage ratio (DSCR) measurement.
—Chay Lapin, Forbes, 21 Oct. 2024
Kenya is now spending 75 percent of its tax revenue on debt service.
—Mark Suzman, Foreign Affairs, 11 July 2024
Lower interest rates should also improve the debt service coverage ratios of businesses, Malik noted.
—Michelle Fox, CNBC, 16 Oct. 2024
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Word History
First Known Use
1929, in the meaning defined above
Dictionary Entries Near debt service
Cite this Entry
“Debt service.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debt%20service. Accessed 21 Nov. 2024.
Legal Definition
debt service
noun
: the amount of interest and principal payments due annually on long-term debt
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