debt service

American  

noun

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

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Other Word Forms

• debt servicing noun

Example Sentences

Less debt service = greater ability to withstand downside shocks to purchasing power.

From Barron's

The Urban Institute researchers defined the threshold for economic security as the amount needed to “pay for reasonable levels of housing, food, healthcare, caregiving, transportation, technology and debt service, as well as precautionary savings needs and federal, state and payroll tax liabilities.”

From MarketWatch

Debt, White emphasizes, is “dangerous in all states of nature” — in good times, if you’ve got really big debts, interest rates go up, and the cost of debt service goes up.

From MarketWatch

According to the foundation, more than 60 countries are paying more in debt service than on health and education.

From Barron's

Of the $62 million in debt service payments the public had to make each year, $50 million had been coming from USAir, the Pittsburgh Tribune-Review reported in 2003.

From Slate