retail installment contract

Also found in: Acronyms.

retail installment contract

A contract that provides compensation for consumer goods or services by making payments over time,usually at a high interest rate.

References in periodicals archive ?

The contractor may then collect the finance payments from the consumer, choose to sell the retail installment contract as a separate receivable, or package many such contracts together and sell them as a portfolio in the secondary market to an investor.

ByLaw: understanding financing--part two

The company, which began originating retail installment contracts in 1997, has a serviced finance portfolio of more than USD 37bn (as of June 30, 2014), has more than two m customers across all credit grades, and is headquartered in Dallas.

Santander Consumer USA posts USD 246m of 2Q14 net income

DocOne and our retail installment contracts not only ease the finance process, but they also free dealers from the cost and time associated with maintaining extensive finance document libraries," said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services.

Wolters Kluwer Financial Services Provides Auto Finance Compliance Documents for AVAbahn and Microsoft DMS Solution

Quantum Auto Group is a sales finance company that originates retail installment contracts or auto loans from auto dealerships and then sells them to a variety of financial organizations.

Quantum Auto Group Partners With The Credit Union Loan Source to Deliver Millions of Dollars in Indirect Auto Loan Volume

23 November 2011 -- DBRS on Tuesday terminated its rating on the notes of Canada-based CNH Capital Canada Receivables Trust, engaged in the acquisition and administration of retail installment contracts and finance lease contracts.

-DBRS removes CNH Capital Canada Receivables Trust's rating

Trustmark will use the dealer portal to originate auto retail installment contracts at franchised auto dealers.

Auto Finance Technologies Develops Private Label Web-Based Dealer Portal For Trustmark National Bank; New Portal Enhances Lender's Ability to Process Loans with Auto Dealers

The Company transfers receivables, consisting of retail installment contracts and revolving accounts extended to its customers, to a qualifying special purpose entity in exchange for cash and subordinated securities represented by asset-backed and variable funding notes issued to third parties.

Conn's, Inc. Executives to Speak at STRH Conference

Using its branch network and strategic alliances with auto groups and banks, the Company purchases retail installment contracts entered into by auto dealers with consumers who are typically unable to obtain financing from traditional sources.

AmeriCredit to Webcast Conference Call on Third Quarter Operating Results

The Company transfers receivables, consisting of retail installment contracts and revolving accounts for credit extended to its customers, to a qualifying special purpose entity in exchange for cash and subordinated securities represented by asset-backed and variable funding notes issued to third parties.

Conn's, Inc. Announces Management Changes

Independent auto dealers access these forms, which include retail installment contracts and other documents such as state DMV forms, using AppOne's online Web-based platform.

AppOne Forms Strategic Alliance with Wolters Kluwer Financial Services; Provides Solution for Faster, More Efficient Auto Loan Application Process