Finance Company (Noun)
Meaning
A financial institution (often affiliated with a holding company or manufacturer) that makes loans to individuals or businesses.
Classification
Nouns denoting groupings of people or objects.
Examples
- The automaker's finance company provided financing options to customers who purchased their vehicles.
- The large conglomerate's finance company offered small business loans and other financial services to local entrepreneurs.
- General Electric's finance company faced financial struggles in the 2008 financial crisis due to its subprime lending practices.
- The large home appliance manufacturer's finance company accepted monthly payments on financing agreements from customers.
- Since 2013, General Motors' finance company has been the preferred financing option for many dealership purchases.