A complete list of the legal terms and definitions every attorney, paralegal, and law student needs to know.
A finance company is an entity that loans money but is not a bank. Typically, finance companies make loans by purchasing accounts receivable, extending credit to a variety of business entities. Or giving loans based on goods as collateral. Finance companies typically loan at higher interest rates than banks but are willing to make riskier loans than banks.
PracticePanther is the leading legal practice management software. Start a free trial today and discover the power of automation at your firm.