What is another term for "Debt Service"?

The term "Debt Service" specifically refers to the total amount of money required to cover the repayment of interest and principal on a debt obligation, often in the context of real estate financing. In real estate, this typically translates into the periodic payments made on a mortgage. These payments consist of interest and loan principal that the borrower must pay to the lender.

Therefore, the term "Mortgage payments" is synonymous with Debt Service. This reflects the financial obligation property owners have in paying back the loan taken out to purchase the property. Understanding this term is essential for property management professionals, as it directly impacts cash flow and investment analysis.

Other options do not capture the essence of Debt Service. Bank fees are charges associated with financial transactions but do not represent loan repayments. Operating expenses are the costs of running a property, such as maintenance or management fees, but are separate from the obligations of loan repayment. Tax deductions pertain to the reduction in taxable income that can come from various expenses but are not inherently linked to the repayment of any debt.