Service

1. Debt.

To make payments of interest and principal on a borrowing as they fall due.

2. Pensions.

A period of employment by an employee with an employer which counts towards pension benefit accrual.

3.

A valuable economic activity which is not physical goods.

In practice, the distinction between goods and services may not always be clear cut.

See also

• Active
• Debt
• Pensionable service
• Service agreement
• Servitisation