What is the meaning of Coverage (Debt Service)?

This is the margin of safety for payment of debt service on a revenue bond that reflects the number of times the actual and/or estimated project earnings or income for a 12-month period of time exceeds debt service that is payable.

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APABarry Goldsmith. (2010). coverage (debt service). Retrieved September 22, 2026, from http://smartdefine.org/coverage_(debt_service)/definitions/1151009
ChicagoBarry Goldsmith. 2010. "coverage (debt service)" http://smartdefine.org/coverage_(debt_service)/definitions/1151009 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, coverage (debt service), Smart Define, viewed 22 September, 2026, <http://smartdefine.org/coverage_(debt_service)/definitions/1151009>.
MLABarry Goldsmith. "coverage (debt service)" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/coverage_(debt_service)/definitions/1151009>