servicingn.
/ˈsəːvᵻsɪŋ/, U.S. /ˈsərvəsɪŋ/ΚΠ
1634 J. Guitard tr. D. Heinsius Laus Pediculi 10 Wheresoever he turnes himselfe hee fals to what is afore him, without any servicing [L. sine apparatu..paratis].
2. The provision of a service or utility. Cf. service v. 5.
ΘΚΠ
the mind > possession > supply > [noun] > providing a service
servicing1876
1876 Liverpool Mercury 31 Aug. 4/5 Wanted, a Plumber for Water Servicing.
1944 Ann. Reg. 1943 90 Most of their reciprocal aid..had therefore been ‘servicing’, taking the form of providing transportation, accommodation, airfields,..local supplies to American forces.
1946 J. S. Huxley Unesco ii. 58 The general educational servicing of the public in the fields of science and culture.
2014 Mudgee (New S. Wales) Guardian (Nexis) 23 Nov. Too often, mental health servicing is ‘weather driven in rural areas’ following drought, floods, and fires.
3. The action of maintaining or repairing a vehicle, machine, etc. Also figurative. Cf. service v. 3a.Recorded earliest in compounds.
ΘΚΠ
society > occupation and work > industry > manufacturing processes > mending or repairing > [noun]
dighting1340
repairinga1387
mending1402
reparellingc1410
reparation?a1425
beeting1517
reparationing1536
remending1537
righting1615–16
fixing up1769
servicing1918
1918 Athens (Ohio) Daily Messenger 2 Feb. 6/5 This company has been making a conscientious effort to build up servicing facilities unexcelled here or elsewhere.
1935 Economist 7 Dec. 1131/2 Recognised dealers with facilities for the..‘servicing’ of the vehicles sold.
1959 I. Jefferies Thirteen Days x. 156 ‘Where's the bint, John?’.. ‘I left her at the hospital for servicing and overhaul.’
2013 Economist 8 June 50/3 Bad roads and poor servicing of vehicles are only partly to blame.
4. The action of paying interest on a debt, or of arranging or collecting the necessary payments in regard to a loan, mortgage, etc. Cf. service v. 3b.
ΘΚΠ
society > trade and finance > payment > payment of debt > [noun] > payment of interest on debt
service1817
servicing1930
1930 Daily Court Rev. (Houston) 29 May Late charter filings. Gentry Cash and Carry Grocery, Breckenridge; $2000... Mortgage Servicing Co, Dallas; $10,000.
1933 N. Amer. Rev. Aug. 113/2 The cost of making a loan repayable in ten or twelve or fifteen instalments is higher from the point of view of ‘servicing’ than is the cost of a loan repayable in one sum.
1946 Sun (Baltimore) 7 Oct. 5/2 Servicing of these two issues has required $647,507.50 a year.
2008 Wall St. Jrnl. 19 Sept. a4/4 Lehman also services, or collects payments on, mortgage loans for Freddie [Mac]. Freddie estimated that its potential ‘exposure’ to Lehman for obligations related to servicing at $400 million.
Compounds
General use as a modifier.
ΚΠ
1918 Athens (Ohio) Daily Messenger 2 Feb. 6/5 This company has been making a conscientious effort to build up servicing facilities unexcelled here or elsewhere.
1935 N.Y. Times 28 Nov. 45/1 Mr. Pink is holding in reserve $184,336 to cover the servicing fees while the receivers were in charge of the mortgaged properties.
1944 R.A.F. Jrnl. Aug. 256 I joined the Servicing Commando unit at the Transit Camp.
2001 Mortgage Banking Nov. 48/1 That gives some idea of the difficulty companies have in growing a servicing portfolio in an environment where the loan runoff is rampant.
2012 Steam Days May 296 (caption) Inverness shed would be closed to home-allocated steam during 1961, but servicing facilities would be maintained for incoming locomotives into 1962.
This entry has been updated (OED Third Edition, March 2021; most recently modified version published online March 2022).
<
n.1634