debt service

Definition

The series of payments of interest and principal required on a debt over a given period of time.

Use debt service in a sentence

The debt service liability was burdensome, we had the funds, but we tasked another firm to facilitate the transactions for us.

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The debt service was lenient enough that we felt as if we had a fighting chance to escape our level of debt and perhaps find ourselves in a better financial state.

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The debt service I obtained on purchasing the building was arranged with a 4% interest rate for 30 years time which allows me to purchase the property with minimal expense.

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gross debt service ratio (GDS) annual debt service