Purpose of the Debt Service Fund
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Please briefly discuss the following: What is the purpose of the debt service fund? Use outside sources if necessary.
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Solution Summary
In about 100 words, this solution briefly, but succinctly discusses the purpose of a debt service fund.
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The debt service fund is a fund into which the issuer makes periodic (monthly,quarterly, half-yearly or annually) deposits to assure the timely availability of ...
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