Captive Finance Company: Interest that is not immediately expensed, but rather is considered as an asset and is then amortized through the income statement over time.

 

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Captive Finance Company: Interest that is not immediately expensed, but rather is considered as an asset and is then amortized through the income statement over time.

Limited Company: A form of business commonly used in the U.K. comparable to incorporation in the U.S.

Leveraged Investment Company: An investment company or mutual fund entitled to borrow capital for its operations. Also, an investment company that issues both income shares and capital shares.

Limited Liability Company: Organizing a business enterprise as a limited liability company (LLC) under the laws of the state where it operates protects its owners or shareholders from personal responsibility for compa . . . View Full Definition

Limited Liability Company (LLC): LLCs are a relatively recent form of business organization. An LLC combines the most attractive features of limited partnerships and corporations. The members of an LLC enjoy the limited lia . . . View Full Definition

Mortgage Broker-Company: A person or firm that acts as an intermediary between borrower and lender, one who, for compensation or gain, negotiates, sells or arranges loans and sometimes continues to service the loans . . . View Full Definition

Minimum Finance Charge: A minimum finance charge is a fee collected by a credit card issuer each billing period. It applies when the actual finance charge you owe isn’t equal to or larger than this minimum. For exa . . . View Full Definition

Management Company: A company responsible for running a resort on a day-to-day basis, often contracted to do so by the homeowners association. Frequently, the resort developer will have a controlling interest i . . . View Full Definition

Leveraged Company: A company that has debt in its capital structure.

Joint Stock Company: A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable fo . . . View Full Definition