Definitions from the Web
Debt Service
Description:
Debt service refers to the total amount of money required to fulfill debt obligations, including interest payments and principal repayments, within a specified period. It is commonly used in finance to assess an individual's or organization's ability to manage their existing debt.
Sample Sentences:
- The company's debt service has been increasing steadily over the past year.
- He struggled to meet the debt service on his credit cards.
- The government allocated a significant portion of its budget for debt service.
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