debt service
Repaying borrowed money
Debt service is the cash required to cover principal and interest payments on a loan or bond over a given period.
The term appears mainly in finance and government contexts: The city's debt service consumes a quarter of its annual budget.
A debt service ratio measures ability to meet these obligations.
- interest paymentsMoney owed for borrowing
- municipal bondsLocal government debt securities
- arrearsOverdue financial obligations
- creditworthinessAbility to repay debts
- coverageExtent of inclusion
fiscal deficit · sinking fund · payment schedule · state bonds · loan agreement · reserve funds · balance · loan term · coupon · installment · promissory note · loan · servicing · payment · cash flow · covenant · interest rate · treasury
- debtcreditor, owe, debtor, lender, unpaid
- business debtbank loan, commercial loan, credit line, line of credit, loan
- debt paymentsloan payment, mortgage payment, car payment, minimum payment, monthly payment
- federal budgetfederal budget, appropriations, deficit, national budget, surplus
- fiscal crisisfiscal crisis, fiscal emergency, insolvency, budget deficit, bankruptcy protection
- fixed expensesrent, salaries, insurance premiums, lease payments, property taxes
debt serviceinterest income
Money earned from loans
revenue · earnings · dividend income · rental income · capital gains
debt serviceborrowing
Temporary taking of another's
debt forgiveness · debt cancellation · principal · debt restructuring · refinancing
debt servicedebt freedom
State of owing nothing
financial independence · free cash flow · discretionary income · debt forgiveness · debt relief