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.
Jill Jaworski, the city’s chief financial officer, recently proposed that CPS could get $240 million in money released from an existing debt service fund, which school districts use to pay off debt similar to a mortgage or a construction loan on a house. Nell Salzman, Chicago Tribune, 21 Mar. 2025 And a $10 billion increase in the monthly cost of debt service brought the total for February alone to $86 billion. George Will, Twin Cities, 20 Mar. 2025 More common, however, is the plight of countries such as Pakistan or Egypt, both of which spent over 40% of their government revenues on external debt service last year. Felix Salmon, Axios, 2 Jan. 2025 Companies with volatile revenues or low profitability may struggle to meet debt service requirements. Joseph Safina, Forbes, 3 Mar. 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

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Cite this Entry

“Debt service.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debt%20service. Accessed 1 Apr. 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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