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
Host Approval
Approval by the governmental unit in the geographic jurisdiction which contains the site of the project to be financed by a private activity bond issue, as required by TEFRA.