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debt service

   Also found in: Legal, Acronyms 0.02 sec.
Debt service
Interest payment plus repayments of principal to creditors (retirement of debt).
debt service
Funds required to meet interest expenses, principal payments, and sinking fund requirements during a specific time period. A firm's ability to service its debt is estimated by comparing cash flow with debt service.
Debt Service
The amount of money required to make payments on the principal and interest on outstanding loans, the interest on bonds, or the principal of maturing bonds. An individual or company unable to make such payments is said to be "unable to service one's debt." An example of debt service is a monthly student loan payment. See also: Debt service coverage ratio.
debt service

The amount necessary to make principal and interest payments on a loan.It does not include amounts collected each month as a reserve for insurance or real estate taxes and does not include payments for private mortgage insurance.



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Household debt service has risen, but not dramatically so.
ECONOMY'S HOME RUN FAMILIES' NET WORTH IS HIGHER AND CONTINUES TO ... by Daily News (Los Angeles, CA)
The 'AA' rating and Stable Rating Outlook reflect the diversity, low credit risk, and security on loans within the Maine HHEFA loan pool, a debt service reserve funded at maximum annual debt service (MADS) and backed by the state's moral obligation, a state-aid intercept mechanism to assure loan repayments, and a supplemental operating fund that can be utilized so any delinquent loan payments do not cause a draw on the debt service reserve.
Fitch Rates Maine's Health and Higher Educational Facilities ... by Business Wire
The 'AA-' rating reflects steady system demand, low customer rates, a flexible capital program due to few regulatory compliance issues and adequate debt service coverage.
Fitch Rates City of Chicago, Illinois's $124MM Wastewater Second Lien ... by Business Wire
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