debt service

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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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In broad terms, funding agreements are nonqualified annuities or annuity-like instruments that are designed specifically to generate regular cash flows to service the debt on short-term or medium-term notes issued through a securitization vehicle--a trust and/or special-purpose vehicle.
To enable the district to service the debt in the event taxable values remain flat after current construction is completed, the district is raising its maximum mill levy to 30 from the current self-imposed limit of 20 (although state law allows up to 50 mills).
As a result of the 1983 banking crisis, Banco de Chile became burdened with a central bank subordinated debt liability, which resulted in a large portion of its net income being used to service the debt.
In common with other Chilean banks, as a result of the 1983 banking crisis, Banco de Chile became burdened with a central bank subordinated debt liability, which resulted in a large portion of its net income being used to service the debt.