DEBT SERVICE
debt service. 1. The funds needed to meet a long-term debt’s annual interest expenses,
principal payments, and sinking-fund contributions. 2. Payments due on a debt, including interest
and principal. [Blacks Law 8th]
debt service. 1. The funds needed to meet a long-term debt’s annual interest expenses,
principal payments, and sinking-fund contributions. 2. Payments due on a debt, including interest
and principal. [Blacks Law 8th]