servicing

USAGE SUMMARY

The word "servicing" is correct and usable in written English.
It can be used as either a noun or a verb, and usually refers to a type of maintenance activity. Example sentence: We offer servicing for all vehicle makes and models.

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

56 human-written examples

Fraser said the people who pay these credit card interest rates tend to be those who don't fully pay off the amount and are perhaps less capable of servicing that debt "and that worries me".

The Guardian - Business

The cost to Pearson of servicing the mortgage has been just £775 a month, far less than the £1,320 he manages to collect in rent.

The Guardian - Money

"I have a huge interest to do everything I can to ensure that I can keep the cost of servicing that debt as cheap as possible".

The Guardian

Forty-six pages of the Houston phone book are devoted to air conditioning: buying it, installing it, fixing it, servicing it and cleaning it.

The Guardian

The considerable costs of servicing sponsorship and licensing deals will now fall on FIFA.

The Economist

About half of mortgage borrowers have variable-rate loans and are therefore generally benefiting from the reduced cost of servicing their debt.

The Economist

Similar tools tell a railway company how many of its locomotives need servicing at any one time so that it can schedule the work at its maintenance centres.All these sensors will generate a phenomenal quantity of data, raising the spectre of a huge information overload.

The Economist

Human-verified similar examples from authoritative sources

Similar Expressions

4 human-written examples

It will slightly lower debt-servicing costs, but otherwise do little to revive household consumption.

The Economist

The increase in interest rates expected by the markets will push this debt-servicing burden up to the level of the early 1990s, according to Sir Andrew Large, deputy governor of the Bank of England in charge of financial stability.As for debt in relation to assets, the value of property can fall as well as rise.

The Economist

People who took out two-year fixed mortgages at low rates in 2005 are facing a particularly painful shock as they absorb the full increase in borrowing costs over the past year.According to Morgan Stanley, an investment bank, debt-servicing costs are at their highest as a share of disposable income since the recession of the early 1990s (see chart).

The Economist

That is vital; if gilt yields were to rise sharply it could lead to a vicious circle of rising debt-servicing costs and higher debt.

The Economist

Expert writing Tips

Best practice

When discussing financial obligations, use "servicing" to specifically refer to the payment of interest and principal on a debt. This conveys a clear understanding of financial responsibilities.

Common error

Avoid using "servicing" when you mean "customer service". "Servicing" implies maintenance or debt management, while "customer service" refers to assisting customers with their needs.

Linguistic Context

The word "servicing" functions as both a noun and a verb. As a noun, it refers to the act of maintaining or repairing something. As a verb (present participle), it describes the action of performing maintenance or managing debt. Ludwig AI confirms these usages through numerous examples.

Expression frequency: Very common

Frequent in

News & Media

50%

Formal & Business

30%

Science

20%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the term "servicing" is a versatile word used to describe the act of maintaining equipment or managing financial obligations. As Ludwig AI confirms, it functions as both a noun and a verb, commonly appearing in news, business, and technical contexts. While grammatically correct and widely accepted, it's important to differentiate its specific meaning from broader terms like "customer service". When writing, consider the context to ensure accurate usage, especially in financial discussions where "servicing" refers specifically to debt management. Related phrases like "maintaining" or "upkeep" can provide alternative options depending on the intended nuance.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

maintaining

Focuses more on the act of keeping something in good condition, emphasizing preventative actions rather than repair.

maintaining and repairing

Combines both preventative and corrective actions.

repairing

Specifically refers to fixing something that is broken or damaged.

upkeep

Emphasizes the continuous effort required to keep something in good condition.

debt management

Specifically refers to the strategies used to manage and pay off debts.

debt repayment

Focuses on the act of paying back borrowed money.

customer support

Highlights the provision of assistance to customers.

technical support

Refers specifically to assistance with technical issues.

account management

Focuses on overseeing and managing financial accounts.

customer care

Emphasizes the act of taking care of customers.

FAQs

How to use "servicing" in a sentence?

You can use "servicing" to refer to the maintenance of equipment, as in "The car needs regular servicing", or to the payment of debt, as in "The company is struggling to meet its servicing obligations".

What can I say instead of "servicing" when referring to maintenance?

Alternatives include "maintaining", "repairing", or "upkeep" depending on the specific context.

What's the difference between "servicing" and "customer service"?

"Servicing" generally refers to the maintenance or management of something, like a machine or a debt. "Customer service", on the other hand, is the assistance provided to customers.

When is it appropriate to use "servicing" in a financial context?

Use "servicing" when discussing the payment of interest and principal on a debt. For example, "The government spends a significant portion of its revenue on debt servicing".