Meaning of “servicing” in the English Dictionary

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"servicing" in Business English

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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.

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