LEVEL DEBT SERVICE " Yearly interest and principal payments which remain relatively constant for the life of the bond issue.
Level Debt Service
A stipulation in a municipal charter stating that each year's interest and principal payments on municipal debt must be relatively equal.
Level debt service
A municipal charter provision that debt payments must be relatively equal from year to year so that required revenue projections are easier.
Level Debt Service
Principal and interest payments that, together, represent more or less equal annual payments over the life of the loan. Principal may be serial maturities or sinking fund installments.
Level debt service
Operating Leverage
Price/Earnings to Growth and Dividend Yield - PEGY Ratio
Proforma
Project Completion Restriction
Safe Harbor ...
Level debt service means that redemption is carried out by equal periodic payments of interest and capital over the term of the loan, while the redemption share increases annually in the amount of the interest saved.
Bond with a stream of coupon payments that remain the same throughout the life of the bond.
Level debt service ...
Cash-On-Cash Return
Annual Debt Service
Debt Coverage Ratio (business term)
Break-Even Point
Financial Leverage
Debt Service Fund (in accounting)
Equity Yield Rate (business term)
Level Debt Service (business term)
Workout (business term)
Refunding ...
For example, an issue maturing serially on a level debt service basis over 25 years could have an 'average life' of 16.297 years. (B)Aggregate life of all bonds (in bond years) divided by the number of bonds.
 See also: Debt service, Banks, Legal opinion, Expense, Indenture
  
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