service verb Meaning in Cambridge Business English Dictionary
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Meaning of "service" - Business English Dictionary

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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)
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