Etymology
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serviceable (adj.)

"ready to do service, willing, diligent in service," early 14c., from Old French servicable, from servise (see service (n.1)). Other early words in a similar sense include servish "obedient, compliant" (c. 1400); serviable "willing to serve, complaisant" (late 14c.); servicious "complacent, obedient" (mid-15c., from Latin servitium). Of things, "beneficial, capable of rendering useful service," late 14c. Related: Serviceably; serviceability.

Edgar: I know thee well: a serviceable villain,
As duteous to the vices of thy mistress
As badness would desire.
["King Lear," IV.vi.]
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Definitions of serviceable

serviceable (adj.)
ready for service or able to give long service;
serviceable equipment
heavy serviceable fabrics
serviceable (adj.)
capable of being put to good use;
a serviceable kitchen gadget
serviceable (adj.)
intended or able to serve a purpose without elaboration;
serviceable low-heeled shoes
From wordnet.princeton.edu