finance company

Definitions of finance company
1

n a financial institution (often affiliated with a holding company or manufacturer) that makes loans to individuals or businesses

Types:
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consumer finance company, small loan company
a finance company that makes loans to people who have trouble getting a bank loan
captive finance company
a finance company owned by a manufacturer to finance dealers' inventories or to make loans to consumers buying the company's products
sales finance company
a finance company that buys (at a discount) the installment sales contracts of retail merchants
commercial credit company, commercial finance company
a finance company that makes loans to manufacturers and wholesalers
industrial bank, industrial loan company
a finance company that makes small loans to industrial workers
Type of:
nondepository financial institution
a financial institution that funds their investment activities from the sale of securities or insurance

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