Related Words

End-User Finance: When a loan is provided to enable a buyer to purchase timeshare property.

International Finance Corporation (IFC): A corporation owned by the World Bank that produces a number of well-known stock indexes for emerging markets. Its major role is to provide financing for projects in less developed countries.

Internal Finance: Finance generated within a firm by retained earnings and depreciation.

Finance Director: Chief financial officer responsible for the oversight of all financial and accounting operations, such as billing, management information services, enrollment, and underwriting as well as ac . . . View Full Definition

Finance Company: The total cost of credit a customer must pay on a consumer loan, including interest.

International Finance Subsidiary: A subsidiary incorporated in the U.S., usually in Delaware, whose sole purpose once was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to . . . View Full Definition

Refinance: To repay one or more existing mortgage loans by getting a new mortgage loan.

Offshore Finance Subsidiary: A wholly owned affiliate incorporated overseas, usually in a tax haven country, whose function is to issue securities abroad for use in either the parent's domestic or foreign business.

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

Finance Companies: These are companies that make loans which are generally at higher rates than are available from banks or credit unions.