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financial institution
(redirected from finance company)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.04 sec.

financial institution

Business organization that has as its core business activity the management of money. Banks, building societies, and insurance and assurance companies are all examples of financial institutions.



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Jeffrey Gould, president and chief executive officer of BRT said, "We are extremely pleased to enter into this relationship with such a highly regarded and successful commercial and consumer finance company.
Initially foreign Islamic banks have formed partnerships with Turkish investors and created joint companies of Al Baraka Turkish Special Finance Company, Faisal Finance Company and Kuwait Turkish Evkaf Finance Company.
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.
 
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