Define: Debt Service

UK Accounting Glossary

Definition: Debt Service



Advertisement



Full Definition of Debt Service


Debt service refers to the series of payments of principal and interest on a loan or other obligation. Debt service payments are usually structured in regular intervals: monthly, semi-annually, or annually, although it is possible to structure debt service payments on virtually any time schedule. Debt service can apply to the payment of individual debts, or debt service may apply to the repayment of corporate debts as well. Corporate debt service can refer to the repayment of principal and interest on a bank loan, or corporate debt service can mean the repayment of principal and interest on bonds or other debt obligations issued by a company. Missed or late debt service payments tend to be a sign of impending trouble within a company.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/debt-service/
Modern Language Association (MLA):
Debt Service. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 19, 2020 https://payrollheaven.com/define/debt-service/.
Chicago Manual of Style (CMS):
Debt Service. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/debt-service/ (accessed: February 19, 2020).
American Psychological Association (APA):
Debt Service. PayrollHeaven.com. Retrieved February 19, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/debt-service/

Definition Sources


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

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

This glossary post was last updated: 7th February 2020.