debt service

Definition of "debt service"
  1. The total cost per year that is required to maintain and repay long-term financial obligations or loans
How to use "debt service" in a sentence
  1. The company secured a loan to expand their operations, knowing their debt service would increase.
  2. Every year, she calculates her annual debt service to understand her financial obligations.
  3. The financial analyst always includes debt service when assessing a company’s financial health.

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