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 Radigan said an annexation could spur changes in taxes, but what people should also understand is that once an area is incorporated into a city, other fees could go down, such as debt services on county resident tax bills. Abigail Hasebroock, Sun Sentinel, 15 June 2024 Connecticut borrowed more than $80 million some years to cover town grants, taking advantage of the exemption for debt service. Keith M. Phaneuf, Hartford Courant, 30 Jan. 2024 Lower rates can also aid debt service payments for the federal budget deficit. Brian Evans,lisa Kailai Han, CNBC, 10 July 2024 The goal ultimately is to save about $70 million in annual debt service payments and use that savings to accelerate the rebuild of Connecticut’s aging transportation infrastructure. Keith M. Phaneuf, Hartford Courant, 9 Mar. 2024 See all Example Sentences for debt service 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'debt service.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 18 Aug. 2024.

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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