debt service

noun

1. the amount set aside annually in a fund to pay the interest and the part of the principal due on a debt.

Other Word Forms

• debt servicing noun

Example Sentences

It predicts that by 2030, the average cost of debt service will equal growth rates.

Read more on The Wall Street Journal

Japan can’t afford to waste money on no-growth gimmicks when debt is above 200% of GDP and debt service and old-age pensions consume a combined 58% of the budget.

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“It cannot go like this forever, because the ... burden on the U.S. is going to cripple spending that is necessary to make for servicing the debt. To pay 17-plus percent in debt service is just mind-boggling,” Georgieva said.

Read more on Los Angeles Times

In the meantime, the school continues to face at least $10 million a year on debt service for about $100 million of debt incurred when former president Floyd and Athletic Director Bill Moos expanded sports facilities as part of an effort to continue to attract coaches and recruits.

Read more on Seattle Times

The athletic department paid $12.3 million in debt service in the 2022 fiscal year, per the financial report submitted to the NCAA.

Read more on Seattle Times