Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SERVICE CENTER

A support centre that offers services to support other departments in an organisation.

SERVICE CHARGE

1. A fee charged by banks to cover services or a penalty fee. 2. percentage added to a bill for tipping. 3. paid by tenants ofr general maintenance and cleaning of the

SERVICE CONTRACT

A contract for services such as time, expertise and effort instead of goods.

SERVICE FACTOR (SF)

The overload capacity that is built into a device, engine or component before it will break down.

SERVICE GOODS

Goods that have a set of common standard features and only differ in price such as radios, TVs and air conditioners.

SERVICE LEASE

A lease of equipment where the lessee needs to maintain and to service the asset that is leased.

SERVICE LEVEL

A level of inventorywhere demand for an item or a system is met by stock on hand.

SERVICE LEVEL AGREEMENT

A contract between the person or company providing a service and its customer. It will list nature, scope and quality of a service that is to be provided.

SERVICE MANAGEMENT

An integral system in supply chain management where the sales are connected to the customer. Its purpose is to minimise costs by lowwring inventory levels.

SERVICE MARK (SM)

A mark of identification or a brand that is associated with a service the way a trademark is associated with goods.

SERVICE PLANS

A plan where services are the benefit that is provided and not a money amount for benefit.

SERVICE PROVIDER

1. General. A business or individual that offers paid for services. 2. Internet. A company providing internet connections to customers.

SERVICE SETTING

The total of the physical environment and the ambience where a service occurs.

SERVICEABILITY

The degree to which an item is serviced using given resources in a set time frame.

SERVICEABLE

An item that is ready and able to perform the intended service, often after a repair or overhaul.

SERVICE-GOOD MIX

Service-product mix where both goods and services are provided and the service quality is more important than the product or goods.

SERVICE-ORIENTED ARCHITECTURE (SOA)

An architectural model of business information that allows further additions to added and integrated to allow the sharing of information across the different units of business.

SERVICER

The otganisation collecting interest payments and princiapl payment from the borrowers and managing the accounts on behalf of the trustee.

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