service verb - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “service”

See all translations

service

verb [T]
 
 
/ˈsɜːvɪs/
FINANCE to make regular payments to pay back a debt or loan, including interest: As growth slowed and prices fell, borrowers were unable to service their debts. The country is still spending $3 million a week servicing debt, twice what it spends on healthcare.
FINANCE to collect and keep records of payments from a person or organization that has borrowed money: We service about 350,000 mortgage loans.
to examine a machine and repair any damaged parts: I'm taking the car in to have it serviced. The 10-year contract involves servicing 11 gas turbines on three deep-water platforms in the Gulf of Mexico.
COMMERCE to provide a service to someone: service an industry/market We hope to achieve greater efficiency and be better able to service customers.
→  See also servicing
Translations of “service”
in Chinese (Traditional) 檢修, 維修…
in Russian производить техническое обслуживание…
in Turkish araç/makina bakım tamir yapmak…
in Chinese (Simplified) 检修, 维修…
in Polish naprawiać, robić przegląd…
(Definition of service verb from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of service?
Add Cambridge dictionaries to your browser to your website

Definitions of “service” in other dictionaries

Word of the Day

paradox

a situation or statement that seems impossible or is difficult to understand because it contains two opposite facts or characteristics

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

plyscraper noun

May 18, 2015
a skyscraper made mainly from wood The development of engineered timber could herald a new era of eco-friendly ‘plyscrapers’. Christchurch welcomed its first multistorey timber structure this year, there are plans for Vancouver, and the talk is China could follow

Read More