service n1 : the act of delivering to or informing someone of a writ, summons, or other notice as prescribed by law [after of process] see also notice by publication at notice , substituted service , summons NOTE: 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 usually required for exercise of in rem or quasi in rem jurisdiction.
2 a : useful labor that does not produce a tangible commodity usually used in pl. [payment for s rendered]
b : the maintenance or repair of tangible property [machinery for the and improvement of the residence]
: to provide services for: as
a : to meet interest and sinking fund payments on (debt) [didn't have the cash flow to 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
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.