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