Debt service is a common term used in finance to refer to the payment of interest on outstanding loans or debt. While the term is widely accepted, there are several synonyms that can be used in its place. These include debt repayment, loan servicing, debt management, and debt coverage. Debt repayment is the process of paying off a loan or debt over time, while loan servicing refers to the administrative aspects of managing a loan, such as collecting payments and keeping track of interest rates. Debt management, on the other hand, encompasses a broader range of activities related to managing debt, including budgeting and financial planning. Finally, debt coverage refers to a company's ability to service its debt obligations from operating cash flow.