servicer en · NOUN
Etymology
From service + -er.
Meanings
-
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.
2002, Frank J. Fabozzi, The Handbook of Financial Instruments, page 373:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| servicers | Number=Plur | lexicographic |