service this debt

USAGE SUMMARY

The phrase "service this debt" is correct and usable in written English.
It can be used in financial contexts when referring to the act of making payments on a debt or managing it. Example: "The company has been struggling to service this debt, leading to concerns about its financial stability."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

6 human-written examples

Nigeria has a debt of $32 billion; 35percentt of its yearly foreign exchange earnings go to service this debt.

The New York Times

Debt is a claim on future wealth; when it becomes clear that future wealth will not be sufficient to service this debt, a crisis will ensue.

The Economist

It may be that rue21 can service this debt, but the issue here is going to be the first certification — the test of whether rue21's debt after the transaction exceeds the fair value of rue21.

The New York Times

Admittedly, U.S. companies also have chunky cash reserves with which to service this debt, but that tends to be in hands of a few giant companies.

Forbes

They provide an investment grade rating because an independent research firm has projected economic growth and cigarette smoking rates and determined that, through the year 2057, there will still be enough smokers to service this debt.

Forbes

If their currencies depreciate dramatically, it will get much harder to service this debt.

Huffington Post

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

Servicing this debt will soon become hideously expensive.

The Economist

Servicing this debt is becoming a bigger burden for Ford.

The New York Times

There is no indication that servicing this debt is prohibitively expensive: indeed, interest rates on government gilts are close to historic lows.

The Guardian

Servicing this debt at its average annual interest rate of 4pc equates to £3.2bn per year, which based on Scotland's annual tax and duty revenues of £41bn works out at a more than manageable 8pc of the total.

The Telegraph

This year lots more debt will be issued if the government is to keep its promise to spend as much as is necessary to get the stagnant bits of the economy moving again.Suddenly, the cost of servicing this debt has become an issue.

The Economist

Expert writing Tips

Best practice

When discussing financial stability or risk, use "service this debt" to emphasize the ongoing ability to meet payment obligations. For example: "The company's capacity to "service this debt" is contingent on sustained revenue growth."

Common error

Avoid using "service this debt" when you mean to discuss strategies for debt consolidation. Servicing refers to the ability to make payments, not necessarily restructuring the debt itself.

Linguistic Context

The phrase "service this debt" functions primarily as a verb phrase, where "service" acts as a transitive verb taking "this debt" as its direct object. It describes the action of managing and fulfilling the obligations associated with a particular debt, as validated by Ludwig.

Expression frequency: Rare

Frequent in

News & Media

70%

Formal & Business

20%

Science

10%

Less common in

Wiki

0%

Reference

0%

Academia

0%

Ludwig's WRAP-UP

In summary, "service this debt" is a grammatically sound verb phrase used to describe the act of managing and fulfilling payment obligations on a specific debt. As validated by Ludwig, this phrase is most frequently found in news and media and formal business contexts. It’s crucial to understand that "servicing" a debt differs from "paying off" or "consolidating" it. While not extremely common, understanding its use, as emphasized in best practices, is vital for precise communication in financial discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

manage this debt

Focuses on the overall management, rather than just the payment, of the debt.

repay this debt

Highlights the action of paying back the owed amount.

meet debt obligations

Emphasizes fulfilling the requirements of the debt agreement.

handle this debt

Suggests dealing with or addressing the debt in a practical manner.

cover this debt

Implies having sufficient funds to take care of the debt.

settle this debt

Indicates resolving the debt completely.

discharge this debt

Focuses on the legal release from the debt obligation.

liquidate this debt

Suggests converting assets into cash to pay off the debt.

honor this debt

Implies fulfilling the debt obligation with integrity.

amortize this debt

Refers to the process of gradually paying off a debt over time.

FAQs

How can I use "service this debt" in a sentence?

You can use "service this debt" to describe a person's or organization's ability to make the required payments on a debt. For example: "The country's economic growth is crucial to "service its debt" effectively."

What is a synonym for "service this debt"?

Alternatives include "manage this debt", "repay this debt", or "meet debt obligations", depending on the specific nuance you want to convey.

Is it better to say "service this debt" or "pay off this debt"?

"Service this debt" refers to the ongoing process of making payments, while "pay off this debt" refers to completely eliminating the debt. The appropriate phrase depends on whether you are discussing regular payments or complete debt resolution.

What does it mean when someone says they can't "service this debt"?

If someone cannot "service this debt", it means they are unable to make the required payments due to insufficient funds or other financial difficulties, potentially leading to default or bankruptcy.