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.
Their tax debt services are available in all states except Pennsylvania, and has a 4.81 out of 5-star rating for customer satisfaction with the Better Business Bureau. Cnbc Select, CNBC, 25 Sep. 2024 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 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 29 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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