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.
Good: the debt makes the government spend its money on debt service; bad: the debt might prompt the feds to raise taxes. Brian Domitrovic, Forbes.com, 6 July 2025 In fiscal 2026, the state will need an additional $156 million in general funds to cover debt service. Bryan P. Sears, Baltimore Sun, 14 Apr. 2025 Lawmakers have said the appropriation bonds could be paid back in 20 years, adding some $33 million annually to the debt service paid through the state general fund, though Verbeten said her bill would instead call for a 30-year payback window. Frederick Melo, Twin Cities, 26 Mar. 2025 The further decline in debt-to-income ratios 2025 may have provided some relief in debt service. Christian Weller, Forbes.com, 17 June 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 21 Jul. 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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