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

The contract stated that the equipment would be rented by a third party – the finance company Grenke – over 27 quarters.

From BBC

He added it was far from being an isolated case, with many car dealerships and finance companies having operated in this way.

From BBC

"And then it's the finance companies that pay for this, or the victims themselves."

From BBC

And in credit markets, where investors finance companies via bonds and loans, the demand to borrow and the desire to lend have swelled — a sign of optimism over the outlook for corporate America.

From New York Times

The program, a public-private partnership, was overseen by the county but largely operated and funded by private finance companies, which in turn relied on home improvement contractors to sign up borrowers.

From Los Angeles Times