Debt Service

Pronunciation: /dɛt ˈsɝvɪs/

Definitions of debt service

noun a regular payment made by a borrower to a creditor in order to repay a debt

Example Sentences

A1 I have to make my debt service payment every month.

A2 The company's debt service obligations are causing financial strain.

B1 The government has allocated a budget for debt service in the upcoming fiscal year.

B2 The debt service coverage ratio is a key metric used by lenders to assess a company's financial health.

C1 The finance department is responsible for managing the company's debt service payments.

C2 The restructuring of the debt service schedule helped alleviate the company's financial burden.

Examples of debt service in a Sentence

formal The government allocated a significant portion of the budget towards debt service payments.

informal I have to make sure I budget enough for debt service each month.

slang I'm drowning in debt service payments.

figurative Paying off my debt service feels like climbing a mountain.

Grammatical Forms of debt service

• plural: debt services
• present tense: debt service
• future tense: will debt service
• perfect tense: has debt serviced
• continuous tense: is debt servicing
• singular: debt service
• positive degree: debt service
• infinitive: to debt service
• gerund: debt servicing
• participle: debt servicing

Origin and Evolution of debt service

First Known Use: 1601 year

Language of Origin: English

Story behind the word: The term 'debt service' originated from the financial sector to describe the process of repaying debt obligations.

Evolution of the word: Over time, 'debt service' has become a common term in finance and economics to refer to the regular payment of interest and principal on a debt.