Finance company

Definition of Finance company

Non-bank company that makes loans to individuals and businesses. Its capital comes from banks and other financial institutions and money markets—rather than from deposits. The primary types of finance companies are; consumer (or small loan) finance companies; sales finance (acceptance) companies, that purchase installment financing paper from e.g. automobile dealers; and, commercial finance or credit companies that make loans to manufacturers and wholesalers.

That's the definition of Finance company in Black's Law Dictionary 6th Edition. Courtesy of

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