ser·vice 1 n
1: the act of delivering to or informing someone of a writ, summons, or other notice as prescribed by law
◇ Although service of process is primarily the means for a court to exert personal jurisdiction over a person, some form of service (as by publication of notice in a newspaper) is also usu. required for exercise of in rem or quasi in rem jurisdiction.
2 a: useful labor that does not produce a tangible commodity
— usu. used in pl.
payment for service s rendered
b: the maintenance or repair of tangible property
machinery for the service and improvement of the residence
service 2 vt ser·viced, ser·vic·ing: to provide services for: as
a: to meet interest and sinking fund payments on (debt)
didn't have the cash flow to service a large loan
b: to collect payments and maintain a payment schedule for (a loan) esp. after sale of the loan to a secondary mortgage market (as the Federal National Mortgage Association) compare originate
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.