debt service


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,, 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

Learn More About debt service

Time Traveler for debt service

Time Traveler

The first known use of debt service was in 1929

See more words from the same year

Dictionary Entries Near debt service


debt service

debt to society

See More Nearby Entries 

Statistics for debt service

Last Updated

19 Jun 2022

Cite this Entry

“Debt service.” Dictionary, Merriam-Webster, Accessed 30 Jun. 2022.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

More Definitions for debt service

debt service


Legal Definition of debt service

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


Test Your Vocabulary

Great Words for Scrabble

  • scrabble tiles that read scrabble quiz
  • Which of the following Q-without-U words means the number five in cards or dice?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

Universal Daily Crossword

A daily challenge for crossword fanatics.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!