finance house

finance house

a financial institution which accepts deposits of money from savers and which specializes in the provision OF INSTALMENT CREDIT to borrowers and LEASING facilities. See MONETARY SYSTEM, MONETARY POLICY.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

finance house

a financial institution that accepts deposits from savers and specializes in the lending of money by way of INSTALMENT CREDIT (hire purchase loans) and LEASING for private consumption and business investment purposes. See FINANCIAL SYSTEM.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005