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debt service

   Also found in: Acronyms 0.02 sec.
Debt Service
Cash required over a given period for the repayment of interest and principal on a debt.

Notes:
Your monthly mortgage payments are a good example of debt service.

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.
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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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