maximum annual debt service
Definition
The upper limit of cash available that a company has to make principal and interest payments on outstanding loans for a period of one year. Firms often set cash or equivalent liquid investments aside in order to cover debt payments during times of poor performance.
Related Articles
- Introduction to Banking *
- What is a Sole Proprietorship? *
- An Economic View of Real Estate *
- Different Types of IRAs *
- Forex Trading: Which Style is Yours? *
- Consumption vs Income Tax *
- Introduction to Bonds *
- Disadvantages of Mutual Funds *
Related Videos
http://www.businessdictionary.com/definition/maximum-annual-debt-service.html
