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finance company

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

finance company

Specialized financial institution that supplies credit for the purchase of consumer goods and services. Finance companies purchase unpaid customer accounts at a discount from merchants and collect payments due from customers. They also grant small loans directly to consumers at a relatively high rate of interest.



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By utilizing a car loan modification, the automobile owner can find themselves in a substantially more suitable situation as well as reach friendly terms with the finance company or automobile dealership.
Hennessey Capital LLC, a Michigan-based specialty finance company providing working capital to small and mid-sized businesses, announces it has completed a financing transaction with Glendale, Arizona-based factor, Spectra Financial Services, LLC.
Bank of China said it had abandoned its bid to buy a stake in French private bank Edmond de Rothschild Finance Company after Chinese regulators failed to approve the deal.
 
 
 
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