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.
State law calls for the rate to be set at an amount sufficient to repay the annual debt service. Bryan P. Sears, Baltimore Sun, 14 Apr. 2025 In order to determine who qualifies for a DSCR loan, lenders consider the debt service coverage ratio of a property, which measures its ability to generate sufficient revenue to pay back the loan. Ryan Barone, Forbes.com, 4 Apr. 2025 Outside-the-box Another useful outside-the-box program is called no ratio debt service coverage ratio, or no ratio DSCR. Jeff Lazerson, Oc Register, 3 Apr. 2025 For the first time, Cal included the Memorial Stadium renovation debt service (approximately $8.5 million) as an operating expense and not an additional cost. Jon Wilner, The Mercury News, 6 Feb. 2025 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

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Cite this Entry

“Debt service.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debt%20service. Accessed 2 May. 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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