Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “service”

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
(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

aptitude

a natural ability or skill

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More