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Pronunciation varies by accent · noun
(law, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement.
The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.
Use servicer when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Servicer means (law, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement.
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.
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