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English definition of “service”

service

verb [T] (DEBT)    /ˈsɜː.vɪs/ US  /ˈsɝː-/
to make payments to pay back a debt: The country is still spending $3 million a week servicing debt.Borrowing, lending and debt servicing     /-ɪŋ/ noun [U] Bryce has taken the car in for servicing.Correcting and mendingEditing and compiling
(Definition of service verb (DEBT) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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