Welcome to the 1520 Perfect Dictionary

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Finance company
FINANCE COMPANY

Definition: (business) A business which lends money to people and charges them interest while they pay it back.
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* All nine elements should be in.


1. Purposeful and necessary, especially for the borrowers.

2. Lawfully registered and, therefore, hopefully, properly regulated.

3. Fully capitalized. That is, its shares will be fully subscribed.

4. Its management staff will be composed of relevant professionals.

5. Fulfils all its legal obligations, especially to the taxman, and performs some corporate social responsibility.

6. Always ready and willing to provide funding (connect to #7).

7. The conditions guiding lending or the terms of a loan, especially the interest rates, will be favourable to its clients.

8. Business will be well-structured such that employees or owners will not be able to borrow from company! That is, no issue of mismanagement or embezzlement will be associated with its managers.

9. Business achieves goal(s) and/or serves purpose(s).
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