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Terms vs Servicer - What's the difference?

terms | servicer |

As nouns the difference between terms and servicer

is that terms is while servicer is (legal|finance) one who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement.

terms

English

Noun

(head)

    • Statistics

    * ----

    servicer

    English

    Noun

    (en noun)
  • (legal, finance) One who services a loan or other obligation, by collecting receivables and carrying out related actions such as enforcement
  • *{{quote-book, 2002, Frank J. Fabozzi, The Handbook of Financial Instruments citation
    • , passage=The servicer is responsible for the collection of interest and principal, which is passed along to the trustee.}}