Concept information
Preferred term
debt service
Definition
- Debt service is the amount of money required to pay back the principal and interest of a loan over a time period specified by a loan agreement. Sport properties regularly take on long-term debt obligations to pay for, or pay for a share of, the construction of a new facility, cover cost overruns in the construction of a new facility, or to pay for other revenue-generating assets such as facility upgrades or suite installations. [Source: Encyclopedia of Sports Management and Marketing; Debt Service]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/debt_service
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