debt service

noun

Definition of debt service

: 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 For example, the debt service ratio for the private nonfinancial sector in South Korea was 21% at the end of last year and 14.5% for Thailand, according to the Bank for International Settlements. Jacky Wong, WSJ, 16 June 2022 Lean into those sources while searching for inconsistencies and debt service opportunities at the same time. Expert Panel®, Forbes, 13 June 2022 Today, Americans’ debt service payments consume just 9.3 percent of disposable income, near a 41-year low, according to the Federal Reserve. David J. Lynch, Washington Post, 4 June 2022 Of course, facilities often come with thirty years of debt service and coaches with five- to ten-year contracts, so these stratospheric costs will be around for a while. Andrew Zimbalist, Forbes, 27 Oct. 2021 But the county also owes $306 million in debt service on those bonds through 2027, figures from the county show. Kaitlin Durbin, cleveland, 10 May 2022 The increase in debt service of $1.03 million - a 12.5% increase - will mostly go toward payment of a $40 million bond package approved in February of this year. Steve Smith, Hartford Courant, 21 Apr. 2022 Maryland lottery proceeds will be used to pay debt service for the project, which is still in the planning stages. Dave Mcmillion, Baltimore Sun, 18 Apr. 2022 During fiscal year 2021, falling tax revenues were inadequate to fund the $95.5 million in debt service, so MPEA borrowed $10 million in state sales tax revenue. Robert Channick, chicagotribune.com, 16 Mar. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'debt service.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of debt service

1929, in the meaning defined above

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Time Traveler for debt service

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The first known use of debt service was in 1929

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Dictionary Entries Near debt service

debt-ridden

debt service

debt to society

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Statistics for debt service

Last Updated

19 Jun 2022

Cite this Entry

“Debt service.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debt%20service. Accessed 30 Jun. 2022.

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More Definitions for debt service

debt service

noun

Legal Definition of debt service

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

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