Definition of servicer in English:

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servicer

Pronunciation: /ˈsəːvɪsə/

noun

1A person or organization that services something: you will have to go to your car servicer for this
More example sentences
  • Meanwhile, in January 1999, FDA rescinded its compliance policy guide that had regulated third-party servicers of medical devices.
  • The only service industries to remain onshore will be those where the servicer has to be physically close to the consumer.
  • Others who have worked with him say he is unusual in being a brilliant organiser and client servicer.
2North American An organization that collects debt payments on behalf of a lender.
Example sentences
  • Most of their loans are managed by firms called servicers.
  • On top of the legal risks, reworking loans can be costly for master servicers.
  • He was previously president of Lombard, a wholly-owned Morgan Stanley non-performing loan servicer in Japan.

For editors and proofreaders

Line breaks: ser|vicer

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