Meaning of the word servicing in English

What does servicing mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

servicing

US /ˈsɝː.vɪs.ɪŋ/
UK /ˈsɜː.vɪs.ɪŋ/

Noun

1.

the action of maintaining or repairing an item of equipment

Example:
The car is due for its annual servicing next month.
Regular servicing can extend the lifespan of your appliances.
2.

the provision of a service to customers

Example:
The company specializes in the servicing of financial products.
Customer servicing is a key aspect of our business model.