debt service


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Related to debt service: Debt Service Ratio, annual debt service

debt service

noun carrying cost, charge, cost of the loan, obligation, overhead payment, repayment
Associated concepts: bankruptcy, fraudulent debt, interrogation, solvency, usury
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References in periodicals archive ?
To put this measure in longer-run perspective, the debt service ratio was 10.
As noted, if RACI fails to generate sufficient revenues to make the debt service payment, the county is required to make a payment equal to the shortfall.
50x coverage of net debt service under the indenture on the bank's bonds assuming the additional issuance of an estimated $370 million in 2008.
The forward purchase agreement will provide a guaranteed investment return for funds in the debt service fund.
In spite of the effective closed lien on new money issuances, the district is able to generate cash for new projects by refinancing existing certificates and taking the savings as new money; the resulting debt service is essentially the same.
Only after satisfying senior and subordinate debt service requirements may the county use the remaining funds to provide property tax relief, make school district payments, or meet operating expenses for football and baseball projects.
A February 2006 consultant report outlined several toll rate options for the years following fiscal 2007, when debt service increases to $3.
There are several positive factors at work which benefit detention center operations and its ability to meet its debt service demands.
To deal with this constraint, the authority opted not to subject these excess funds to the flow of funds and instead drew approximately $2 million of this balance from the senior lien and subordinate lien debt service reserves.
With higher than expected sensitivity to the fare increase and an overall lower base of ridership, Fitch expects fare revenues to be insufficient to meet the monorail's debt service obligations.
15 times (x) coverage of FGR bond annual debt service and 1x coverage on SGR bonds and operating expenses; the gross lien on revenues provided to bondholders; and a detailed review of relevant legal precedents and opinions.