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
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The bill would also increase state funding to cover debt service for maintenance of certain athletic facilities at UW, UW-Milwaukee and UW-Green Bay. Daniel Libit, Sportico.com, 9 Mar. 2026 For years, the city has calculated its compliance with that limit using a methodology that excludes certain abatements from the operating levy, relying largely on a crisis-era attorney general opinion addressing reserves for uncollectible taxes tied to debt service. Martha E. Stark, New York Daily News, 4 Mar. 2026 South Elgin must also pledge to raise rates to match the debt service, according to the memo. Mike Danahey, Chicago Tribune, 3 Mar. 2026 Approved unanimously on second reading, the measure allows dollars previously reserved for advertising to be redirected toward sports complex debt service or operating costs, if the project moves forward. Josh Davis, Baltimore Sun, 3 Mar. 2026 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 16 Mar. 2026.

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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