|Definition||:||Annual Maintenance Contract|
|Category||:||Business » Services|
What does AMC mean?
Annual Maintenance Contract (AMC) is a contract between the owner of a certain device and a maintenance company whereby the company is given charge of the maintenance of the device throughout the year and the contract is subject to yearly renewal. AMC’s are available for a whole range of electrical and electronics appliances starting from computers, laptops, refrigerators, televisions, air conditioners, and almost every electrical and electronics equipment. The company which provides the AMC Service will take care of all the problems that might arise in a particular gadget during the contract period. Apart from this, there is also usually a regular schedule of maintenance from the AMC service provider.
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