Captive Finance Company
Definition
- A finance company that is connected to a certain dealer or manufacturer.
Synonyms
confined, restricted, bound, limited
Related Terms and Acronyms
- Captive Agent — Definition,
- An insurance agent who uses a limited number of insurance companies, or a single insurance company, when finding products for their clients.
- Direct Writer — Definition,
- An individual who writes insurance policies directly for an insurer.
- Issuer — Definition,
- A legal entity that develops, registers, and sells securities including stocks, bonds and derivatives.
- Underwriter — Definition,
- An entity that issues and distributes financial products including equity capital, credit, mortgages, and insurance.
- Underwriting (UW) — Acronym, Important,
- The analysis of risk involved in making a mortgage loan to determine whether the risk is acceptable to the lender. Underwriting involves evaluating the property as outlined in the appraisal report, and also evaluating the borrower's ability and willingness to repay the loan.
- Assessing individuals for eligibility and issuing and distributing a financial product such as insurance, equity capital or credit.
- Vendor — Definition,
- The seller of a property.
