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

Instead, the board passed an unbalanced budget that could fire thousands of teachers, open the door to furlough days and drive up our debt service. — Claire Malon, Chicago Tribune, 8 Oct. 2026

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

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