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Related Definitions
Sales finance company Sales finance company is a firm that provides short-term capital to retailers (and sometimes to wholesalers) by purchasing the installment sales contract (promissory notes) that they have accepted from customers.
Consumer finance company Consumer finance company is a company that lends money to final consumers on their promissory notes.
Commercial finance company Commercial finance company is a firm that makes cash loans to business borrowers, securing the loans by such assets as trade credit accounts, inventory, or equipment.
Captive finance company Captive finance company is an automobile lender that is a subsidiary of an automobile manufacturer and whose principal business includes
Definition