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 Words From

• debt servicing noun

Example Sentences

“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.

From 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.

From 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.

From Seattle Times

Every dollar UW saves on debt service could help offset the revenue disparity.

From Seattle Times

The budget adopted by the board includes $2.4 billion for operations, capital investments and debt service in the next two fiscal years.

From Los Angeles Times