Debt Service
The amount of principal and interest required to be paid on an issue of bonds.
bond-basics
Level Debt Service
A Maturity schedule in which the combined annual amount of Principal and Interest payments remains relatively constant over the life of a Bond Issue. Some state laws require Level Debt Service for certain transactions.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Fast Automated Securities Transfer (FAST)
Program of Depository Trust Company (DTC) with a goal of reducing certificate movement by having bond certificates held by FAST transfer agents rather than by DTC.