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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Compounding this issue is the mounting burden of debt service payments. George Cardenas, Chicago Tribune, 18 Feb. 2025 To lenders, this could indicate that the asset is not generating enough net operating income to cover the debt service. Chay Lapin, Forbes, 21 Oct. 2024 The second measure – Proposition O – asks for approval to increase the debt service levy by 30 cents to issue general obligation bonds for $128 million. Alecia Taylor, Kansas City Star, 7 Feb. 2025 The filing also details various financial agreements, including a waiver from the company's lender for not meeting the debt service coverage ratio as of June 30, 2024. Quartz Bot, Quartz, 14 Nov. 2024 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

Dictionary Entries Near debt service

Cite this Entry

“Debt service.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debt%20service. Accessed 24 Feb. 2025.

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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