centrex

/ˈsɛntrɛks/
noun
  1. A telephone exchange service provided by a phone company that allows a business to have its own private branch exchange features without owning the equipment.
    • The IT department configured the centrex system to handle over 200 extensions.
    • With centrex, we can transfer calls and set up conference lines without extra hardware.
    • Our company uses centrex for all internal and external phone calls.
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