Finance company


Also found in: Dictionary, Thesaurus, Legal, Wikipedia.

Finance company

A company whose business and primary function is to make loans to individuals, while not receiving deposits like a bank.

Consumer Finance Company

A non-bank lender. A consumer finance company does not receive deposits, but does make loans to customers for business or personal use. It derives its profits from the interest on these loans. It is also called simply a finance company.
References in periodicals archive ?
Weng Zhanbin, Chairman of Zhaojin Mining Industry Company Limited said, "The establishment of Finance Company is the Company's key measurement to facilitate strategical transformation and adaptation to the new economics' norm.
increase to Datang Finance Company by way of cash or transfer of
Further, the insured typically grants the premium finance company a limited power of attorney to cancel the coverages in the event or me insured s payment default.
For purposes of illustration, let's assume that the manufacturer and the finance company each put in 7.
Besides interest on the loan, the finance company usually receives a small percentage of the purchase from the retailer.
Rates vary with bank credit policies, but you should figure on 1/2% to 1% over a company's normal bank borrowing rate and another 1% to 2% at a commercial finance company.
The name BMO Harris Equipment Finance represents the full breadth of offerings, industry sector expertise and the expanded network that we can provide our clients," said Jud Snyder, Managing Director and Head, BMO Harris Equipment Finance Company.
The Board announced that on 6 May 2011, the Board agreed that the Company, CDC, Huayin Electric Company and Guiguan Electric Company shall increase their respective capital contributions in a total amount of RMB1,400 million to Datang Finance Company by way of cash.
Did you hear the one about the premium finance company that borrowed funds from itself to pay its insurance premiums?
Tammac Holdings Corporation, a specialty finance company focused on the manufactured housing industry, announced that it has formed a strategic financial relationship with equity investors LLR Partners Inc.
A key component is a treasury function that can source and manage the funds, whether through a bank, finance company or the public markets.
DALLAS -- Bayview Financial[R], an $11 billion real estate lending and investment finance company, announced today the promotion of Bob Repass to managing director of Bayview First Funding(sm), the Dallas-based seller finance division.