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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Investor cash flow loans: Also known as a debt service coverage ratio (DSCR) loan, this type of mortgage is specifically for real estate investors. Kelsey Neubauer, CNBC, 1 May 2025 According to unofficial results from the Cook County Clerk’s Office, 63% of voters in District 27 cast ballots supporting the district’s request, in the referendum question, to establish a debt service extension base, or DSEB. Phil Rockrohr, Chicago Tribune, 8 Apr. 2025 Refinancing the old bonds with new bonds would lower future debt service payments on the bonds which are paid by property tax, therefore lowering that line item on homeowners’ property tax bills, according to Lawrence Chan, the district’s bond and disclosure counsel. Karen Billing, San Diego Union-Tribune, 11 Mar. 2025 The property tax rate will not change, but the bond will add to the district’s debt services paid by taxpayers. Alecia Taylor, Kansas City Star, 9 Apr. 2025 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

Browse Nearby Words

Cite this Entry

“Debt service.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debt%20service. Accessed 25 May. 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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