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finance company |
Also found in: Dictionary/thesaurus, Financial | 0.04 sec. |
finance companySpecialized 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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The loan was arranged largely by Kuwait Finance House and adheres to Islamic financing principles. He participated in negotiations with the Bank of England to establish the Islamic Finance House (IFH), the first Islamic financial institution licensed in the UK, which he managed for three years. It's enough to make you think that some finance house in New York is handing out a free lunch for every billion dollars' worth. |
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finance house
