TeachMeFinance.com - explain debt service
debt service -- Payment of scheduled interest obligations on outstanding
debt. As used in CBO's Budget and Economic Outlook, debt service
refers to a change in interest payments resulting from a change in estimates
of the surplus or deficit.
debt service -- the payments of principal and interest by a borrower to a lender. Commonly used in reference to mortgage loans and long-term government or industrial bonds . The payments may be monthly, quarterly, semiannual or annual.
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