If the PMT answer were multiplied by two, the answer provided would be the semi-annual debt service
rather than the annual debt service
"We are grateful for the congressman's support of this initiative, and for his leadership and commitment to continuing to seek federal earmarks to fund the ongoing debt service
needs of this pivotal project," Mr.
After the budget is set, stochastic shocks impact on program spending, tax revenues and debt service
, causing the budget balance to diverge from projected levels.
Pakistan had to resume full debt service
payments despite the balance of payments difficulties, but on the request of Government of Pakistan, debt relief of USD 136.3 million and USD 90 million was given during 1978-79 to 1979-80 [Pakistan (1980-81a)].
If the local law as applied permits the debtor to do so, the debtor may be perfectly content to have such a proceeding continue uninterrupted for as long as possible since the debtor may be relieved from its debt service
obligations during this period.
* Debt service
coverage ratio is the lender's acid test.
FM directs the BK1 affiliate to pay BK1 annual amounts equal to 90% of FM's annual rent obligation under the sublease (i.e., amounts sufficient to satisfy X's debt service
obligation to BK1).
To assess whether household debt service
is useful for predicting consumer spending, I first estimated equations expressing the growth rate of real (inflation-adjusted) consumer spending as a function of lagged values of the ratio of debt service
to disposable personal income.(5) To measure consumer spending, I used total personal consumption expenditures, as well as the major components of spending on durables, nondurables, and services, I estimated separate equations for each spending measure, first using the debt-service ratio for consumer loans and then the debt-service ratio for total loans.(6)
Figure 2 shows the level of estimated debt service
as a percentage of disposable personal income over the past thirty years.
The World Bank's World Debt Tables, 1994-1995 highlights the need to assess the debt sustainability of these severely indebted low-income countries (SILICs) on a country-by-country basis, with particular reference to their export growth potential over the long run and the outlook for the availability of concessional finance (including grants) or private capital to finance the needed imports and cover debt service
. Specifically, it is stated in the World Bank's World Debt Tables that:
A second measure is the debt service
ratio, which expresses the payments on the debt (debt service
) as a percentage of the annual value of exports of goods and services of a country.
Dividends on unallocated shares are now charged to compensation if you pay them to participants or account for them as debt reduction or accrued interest, if you use them for debt service
(effectively charging compensation expense for all dividends on unallocated shares).