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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To the contrary, the evidence showed that Aquarion customers will see immediate and sustained bill increases from the transaction, in addition to being saddled with paying off the debt service for decades to come. Edmund H. Mahony, Hartford Courant, 25 Mar. 2026 Local funds also tend to make up the majority of debt service funds for the schools. Neal Franklin, Dallas Morning News, 24 Mar. 2026 Burgos gripes that this measurement excludes landlords’ debt service on their properties. Matthew Sedacca, Curbed, 23 Mar. 2026 After these bonds and all the other debt piled onto the city’s books by Johnson and previous mayors, the city’s annual debt service for general-obligation (GO) bonds is set to mushroom to $627 million in 2029 from $366 million next year, a 71% increase, according to the bond document. The Editorial Board, Chicago Tribune, 22 Mar. 2026 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 4 Apr. 2026.

Legal Definition

debt service

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