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Debt service refers to payment of money owed to a bank or other institution. Debt service may be done all at once or in stages.

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Cecile Heidenreich

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1y ago
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9y ago

Debt service is the money that is set aside for the repayment of a debts interest and principal. The main two types of debt services incurred are mortgage payments and student loans.

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Q: What is debt servicing?
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