captive finance company
Definition
Wholly owned subsidiary of a manufacturing or retailing firm that finances wholesale or retail purchases from the parent firm. For example, firms such Ford, General Electric, and Sears have their own finance companies which advance loans to buyers for purchasing the firm's goods.
Popular 'Banking, Commerce & Finance' Terms
captive finance company in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/captive-finance-company.html
