service contract Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “service contract” in the English Dictionary

"service contract" in Business English

See all translations

service contractnoun [C]

uk   us  
HR a ​formalagreement between a ​company and an ​employee in a high ​position about their ​pay and conditions of ​employment (= ​rules under which they are ​employed): The ​company has ​reducedservicecontracts for its ​executivedirectors to one year's ​notice. She was on a two-year ​servicecontract.
COMMERCE an ​agreement between a ​company and a ​customer, ​stating that the ​company will ​check and ​repairequipment for an ​agreedprice during a ​fixedperiod of ​time: Make sure you don't ​pay too much for an ​extendedwarranty or ​servicecontract.
COMMERCE an ​agreement with a ​mobilephonecompany in which the ​customerpays a ​fixedamount each month: New ​customers can ​terminate a ​servicecontract within the first three days without being ​charged.
(Definition of service contract from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of service contract?
Add Cambridge dictionaries to your browser to your website
Word of the Day
public school

in England, an expensive type of private school (= school paid for by parents not by the government)

Word of the Day

Introducing a new author and a new weekly blog post!
Introducing a new author and a new weekly blog post!
by Cambridge Dictionaries Online,
August 27, 2015
The English language is constantly changing. You know that. But did you know that at Cambridge Dictionaries Online we keep track of the changes? We continually add new words and new meanings to our online dictionary for learners of English. Some of them are new to English entirely (neologisms), and some

Read More 

hyperpalatable adjective
hyperpalatable adjective
August 24, 2015
describes food with heightened levels of sugar and salt, intended to be extremely appealing In Brazil, where the prevalence of overweight and obese adults has doubled since 1980, crisps, biscuits, energy bars and sugary drinks formulated to be ‘hyper-palatable’ are much more widely eaten than previously.

Read More