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

Debt Service

The amount of principal and interest required to be paid on an issue of bonds.

Hudson Yards Rail Yards

Start with the Bond Basics

Hundreds of Terms and Concepts

Book-Entry Only

Term used to describe a bond which cannot be purchased in physical or certificated form.