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.
The cost of debt service is currently more than a trillion dollars a year. Erik Sherman, Forbes.com, 19 May 2025 The difference means about $10 million more in debt service annually. The Editorial Board, Chicago Tribune, 6 June 2025 But Norton said the vast majority of the reserves at $89 million at the System Office are held for debt service and deferred maintenance and are not readily available. Livi Stanford, Hartford Courant, 29 May 2025 The company faces liquidity constraints due to sustained declines in rental income and ongoing debt service obligations. Quartz Intelligence Newsroom, Quartz, 19 Mar. 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 13 Jun. 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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