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 ?
Consumer auto financing dominates the portfolios of most finance companies, but heavy equipment financing is rebounding strongly on the back of the mining recovery, and is likely to be a driver of finance company growth over the next year or so.
The licence allows the company to carry out Mortgage Finance business in Tanzania as a housing finance company," a statement issued by the Department of Policy Review and licencing Department in the Directorate of Banking Supervision said.
I contacted the finance company, who for legal reasons will remain anonymous for now, to find out if this could really be true.
Finance Company is jointly funded and established by the Company, Shandong Zhaojin and Zhaoyuan Gold Smelting Company Limited owned by Shandong Zhaojin, with registered capital of RMB 500 million.
The profits of Taageer Finance company grew by 14% in Q1, 2015 to RO1 million compared to RO 880,000 during Q1, 2014.
As security for the insured's payment obligation, the insured grants the premium finance company a security interest in the financed policy, including unearned premiums that would be payable to the insured in the event of any reduction or cancellation of the applicable insurance coverages.
Further, the supervision of SAMA extends to limiting the maximum amount that the finance company can provide as a finance; restricting the finance company from entering into certain transactions; and determining the minimum security that the finance company should obtain.
How does my premium finance company know that this piece of business is a renewal as opposed to a new account?
The specialty finance company, called CBRE Realty Finance, Inc.
If, however, you signed the agreement as an individual, the finance company can pursue you for any money due.
Setting up a joint venture between a manufacturer and a finance company can be a real boon for a company with large volumes of receivables weighing down its balance sheet.
The finance company reimburses the retailer with the full amount of money and the customer pays the finance company directly.