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service the loan

Posted by Smokey Stover on October 08, 2006

In Reply to: service the loan posted by ESC on October 07, 2006

: : What do u mean by 'I m not making enough to even service the loan'?

: I found this in a glossary online:

: Debt service- Total payments due on loans (repayments plus interest).

: I guess it means I'm not making enough money to make my loan payments.

Actually, to service a loan, or service a debt, means to make interest payments, pay the interest.