Meaning of “servicing” in the English Dictionary


"servicing" in Business English

See all translations

servicingnoun [ U ]

uk /ˈsɜːvɪsɪŋ/ us 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

(Definition of “servicing” from the Cambridge Business English Dictionary © Cambridge University Press)