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LeoGlossary: Debt Service Fund

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How to get a Hive Account


When bonds are issued, money to make principal and interest payments is typically deposited into and paid out of a debt service fund, restricting or committing the funds for that use. Governments may have several debt service funds, or they may use one fund to account for multiple bond issues.

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LeoGlossary: Debt Service Fund | Ecency