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

On a net basis, the debt service payments amounted to $76 million this year. — Justin Birnbaum, Sportico.com, 30 Sep. 2026

The move could also reduce the Nigerian government’s debt service costs, Nigerian economist Bismarck Rewane said. — Alexander Onukwue, semafor.com, 25 Sep. 2026

Funding agreement City staff told the committee that the agreement would require team officials to obtain a line of credit equal to 110% of one year’s worth of debt service as insurance to cover the costs. — Dylan Lysen, Kansas City Star, 8 Sep. 2026

Pension contributions and debt service now consume 40% of Chicago’s operating budget. — Adam Drakulic, Chicago Tribune, 23 Aug. 2026

Word History

First Known Use

1929, in the meaning defined above

Rhymes for debt service

• disservice
• preservice
• interservice
• nervous
• nervus

Legal Definition

debt service

noun

: the amount of interest and principal payments due annually on long-term debt