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Level Debt Service |
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Level debt service A municipal charter provision that debt payments must be relatively equal from year to year so that required revenue projections are easier. Level Debt Service A provision in many city and other local government charters stating that debt payments must be relatively equal from year to year. This allows the municipality to make revenue projections more easily, but may impose constraints on municipal bond issues. See also: Debt ceiling. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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