finance house

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finance house

a financial institution that is not a bank or building society and that provides credit to finance personal or corporate acquisitions of property. Many finance houses specialize in the financing of purchases of consumer goods on hire purchase; others specialize in equipment leasing. Authorization for lending activities is required under Banking and Consumer Credit legislation.
References in periodicals archive ?
If the contract is terminated during the lease period, the bank or finance company has the right to activate their insurance for compensation, if applicable, based on the schedule of instalments in the contract.
Luxembourg, July 13 (ANI): The Beijing-based Asian Infrastructure Investment Bank (AIIB) will provide a 100 million dollar (about Rs 700 crore) loan to L&T Infrastructure Finance Company for wind and solar infrastructure projects in India.
Major organization : INDIAN SCHOOL FINANCE COMPANY PRIVATE LIMITED
House Building Finance Company Limited (HBFC) is the prime housing finance institution of the country, providing affordable housing solutions to low and low-middle income groups of population by encouraging new construction in affordable housing sector.
Muscat Finance Company's net profit fell 60 per cent to RO370,000 in the first quarter of 2019 compared to RO927,000 in the same period of 2018.
Following the transaction, Superior's operations will become part of Stetson Insurance Funding LLC, a wholly owned subsidiary of RSG and a licensed premium finance company.
The Central Bank has set new terms and conditions for the transfer of personal loans or personal finance from one bank or a finance company to another.
ENGS Commercial Finance Company specialises in equipment finance, working capital finance and insurance.
Amongst the several new laws and regulations being introduced in the UAE, the UAE Central Bank ("Central Bank") has on10 May 2018 issued new Finance Company Regulations ("Regulations" or "2018 Regulations") which are to come into effect one month after its publication.
Corporation (NYSE: FNB) has announced that in 2018, it plans to divest its consumer finance subsidiary Regency Finance company and consolidate up to 20 branches of its retail banking subsidiary, First National Bank of Pennsylvania, to enhance the overall positioning of its consumer banking operations, the company said.
The company will sell its consumer finance subsidiary, Regency Finance Company, and consolidate up to 20 branches of its retail banking subsidiary, First National Bank of Pennsylvania, in 2018.
The Federal Reserve produces comprehensive data on the volume and composition of credit and lease financing provided by the finance company industry and reports these data in its G.19, "Consumer Credit"; G.20, "Finance Companies"; and Z.1, "Financial Accounts of the United States" statistical releases.