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English definition of “servicing”

servicing

noun [U]     /ˈsɜːvɪsɪŋ/ FINANCE
the activity of making regular payments to pay back a debt or loan, including interest: The Treasury is keen to reduce public borrowing quickly in order to prevent servicing costs climbing further.
→ See also loan servicing
(Definition of servicing noun from the Cambridge Business English Dictionary © Cambridge University Press)
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