Finance company

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Finance company

A company whose business and primary function is to make loans to individuals, while not receiving deposits like a bank.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
(20) Comparisons of finance companies with banks are difficult because banks are multiproduct firms and do not account for costs separately for each product.
The objective of the session was to discuss the recently introduced regulatory framework for Non-Bank Micro Finance Companies (NBMFCs).
The MSM listed finance companies managed to increase their accumulated profits by 16% to hit RO 7.7 million in Q1 2015 compared to the corresponding period last year.
Many premium finance companies have found themselves sued on preferences in Delaware.
Most finance companies are small players by assets.
The BusinessToday Best Banks and Finance Companies Survey, conducted by Ernst & Young, has selec-ted BankMuscat as the No 1 bank of 2010 and Al Omaniya Financial Services as the No 1 finance company of 2010.
We have program solutions for input wholesalers and retailers, equipment manufacturers, commodity merchandisers and finance companies.
With the number of remodeling companies taking in more than $1 million a year now at between 12,000 to 15,000 and rising, finance companies are starting to take notice.
Businessmen Timothy Nikolai, 50, and Stuart Reynolds, 54, were 'blatantly dishonest' in conning the money from finance companies when their firm hit difficulties.
AICPA Audit and Accounting Guide: Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies

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