Definition of «servicing»

Servicing refers to the act of maintaining, repairing or providing support for something in order to keep it functioning properly. This can include activities such as cleaning, inspecting, adjusting, and replacing parts on a regular basis. The term is commonly used in relation to vehicles, where routine maintenance tasks are performed to ensure that they continue running smoothly. It also applies to other machines or equipment, as well as loans or financial agreements, where payments are made regularly to keep the agreement active.

Sentences with «servicing»

  • The terms of service of crowdfunding sites state that they aren't responsible for campaigns that fail to deliver on their promises. (businessinsider.com)
  • They also have representation in every country available so they can provide a personal and high level of customer service for their worldwide clientele. (huffingtonpost.com)
  • Judges will be looking for excellence in service for customers (trade or consumer). (thedrinksbusiness.com)
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