finance company

noun

1. an institution engaged in such specialized forms of financing as purchasing accounts receivable, extending credit to retailers and manufacturers, discounting installment contracts, and granting loans with goods as security.

finance company

noun

1. an enterprise engaged in the loan of money against collateral or speculatively to manufacturers and retailers, esp one specializing in the financing of hire-purchase contracts

Word History and Origins

Origin of finance company¹

First recorded in 1925–30

Example Sentences

“And then when the finance company says, ‘Oh, gee, sorry, we can’t actually get the loan on those terms, could you sign some worse terms?’

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Texas is vying to attract finance companies and their employees, and its recruitment campaign involves more than marketing.

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In a survey by personal finance company Bankrate, 62% of respondents said their pay isn’t keeping up with prices—the highest share in four years.

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While the bank didn’t name the borrower, it was a lender to now-bankrupt subprime auto finance company Tricolor, which had announced at least one warehouse loan with Fifth Third in recent years.

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That qualified the finance companies for the tax credits under the IRS guidance, and they could then incorporate the lower price into lease terms.

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