debt service

noun

: the amount of interest and sinking fund payments due annually on long-term debt

Word History

First Known Use

1929, in the meaning defined above

Time Traveler

The first known use of debt service was in 1929

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Browse Nearby Words

debt-ridden

debt service

debt to society

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Cite this Entry

Style

“Debt service.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debt%20service. Accessed 20 Apr. 2025.

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Legal Definition

debt service

noun

: the amount of interest and principal payments due annually on long-term debt

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