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

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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If it had been upheld, this could have paved the way for millions to claim compensation, but the court ruled against two of the test cases, siding with finance companies.

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Tillman: One of the jobs I had, I was an assistant to the vice president of accounting and controls for a finance company, a world I knew nothing about.

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Mr Wrench urged car finance companies to contact consumers directly to apologise and offer compensation and said he was still glad he had pursued the firms through the courts.

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On Friday, the Supreme Court sided with finance companies in two out of three crucial test cases focusing on commission payments made by banks and other lenders to car dealers.

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