Servicer
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Servicer is a noun meaning (law, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement.
Meaning
(law, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement.
Example Sentences
The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.
Word Forms
- servicers
Related Words
Related dictionary entries include agent, officer, loanholder, servitor, loanmonger, maker.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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