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
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 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

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 15 Nov. 2024.

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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