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

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

The current fiscal trajectory in the US is unsustainable, and the debt service burden has grown large enough to squeeze out other spending. — Bill Stone, Forbes.com, 22 Aug. 2026

The 2025 fiscal-year budget marked the first time debt service costs exceeded Pentagon funding. — Reuters, NBC news, 19 Aug. 2026

City staff said the initial debt service payment would be during the 2028 fiscal year, which begins in May 2027. — Dylan Lysen, Kansas City Star, 18 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