Annual Debt Service

Business, Legal & Accounting Glossary

Definition: Annual Debt Service


Annual Debt Service


Full Definition of Annual Debt Service


The yearly payments a person must make on a loan, comprising the principle and interest added over 12 months. For example, if a loan requires principal payments of $300 and interest payments of $50 per month, then the annual debt service of the loan is $4,200 ($350 times 12.)


Cite Term


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Page URL
https://payrollheaven.com/define/annual-debt-service/
Modern Language Association (MLA):
Annual Debt Service. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/annual-debt-service/.
Chicago Manual of Style (CMS):
Annual Debt Service. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/annual-debt-service/ (accessed: December 04, 2021).
American Psychological Association (APA):
Annual Debt Service. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/annual-debt-service/

Definition Sources


Definitions for Annual Debt Service are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.