servicer
English
Etymology
service + -er
Noun
servicer (plural servicers)
- (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, page 373:
- The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.
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