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 While other programs are losing money from the general fund — about $114 million due to the expiration of funds from the American Rescue Plan Act — there’s been a boost in construction spending and debt service payments. Alex Derosier, Twin Cities, 22 May 2024 The school board also unanimously approved a food service fund budget, debt service fund budget and capital improvement fund budget for fiscal 2025. Thomas Goodwin Smith, Baltimore Sun, 9 May 2024 See all Example Sentences for debt service 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'debt service.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 6 Jun. 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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