noun a regular payment made by a borrower to a creditor in order to repay a debt
In real estate, debt service coverage ratio is used to assess a property's ability to cover its debt payments.
In finance, debt service refers to the regular payment of interest and principal on a debt obligation.
In economics, debt service is a key indicator of a country's ability to meet its debt obligations.
In business management, debt service is important for evaluating a company's financial health and ability to repay loans.
In the financial industry, writers may discuss debt service in articles or reports analyzing the financial health of companies or governments.
Psychologists working with clients struggling with debt may incorporate debt service discussions into their therapy sessions to address financial stress and anxiety.
Accountants often calculate and monitor debt service ratios for businesses to assess their ability to meet debt obligations.
Real estate agents may explain debt service coverage ratios to clients looking to invest in income-producing properties as a measure of their ability to cover debt payments with rental income.