finance company

finance company. A nonbank company that deals in loans either by making them or by purchasing notes from another company that makes the loans directly to borrowers.

commercial finance company. A finance company that makes loans to manufacturers and wholesalers.

— Also termed commercial credit company.

consumer finance company. A finance company that deals directly with consumers in extending credit.

— Also termed small-loan company. [Cases: Consumer Credit

3. C.J.S. Interest and Usury; Consumer Credit§§ 280–293, 306.]

sales finance company. A finance company that does not deal directly with consumers but instead purchases consumer installment paper arising from the sale of consumer durables “on time.”

— Also termed acceptance company.

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词条贡献者

法律翻译Bernardine，毕业于新加坡知名法学院，专注翻译各类与文娱与体育有关的法律文件。