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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.

Hyponyms

  • Small Loan Company
  • Commercial Credit Company
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