servicer

servicer

English

Etymology

Etymology tree
Proto-Indo-European *ser-der.?
Proto-Italic *serwos
Latin servus
Latin -ius
Latin -ia
Latin -itia
Latin servitiumbor.
Old French servisebor.
Old English serfis
Middle English servise
English service
English -er
English servicer

    From service + -er.

    Noun

    servicer (plural servicers)

    1. (law, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement
      • 2002, Frank J. Fabozzi, The Handbook of Financial Instruments‎[1], page 373:
        The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.
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