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Simple English definitions for legal terms

sales finance company

Read a random definition: Statute of Accumulations

A quick definition of sales finance company:

A sales finance company is a type of finance company that purchases consumer installment paper from other companies that directly make loans to borrowers. They do not deal directly with consumers but instead buy the paper arising from the sale of consumer durables on time. In simpler terms, they help people buy things like cars or furniture by purchasing the loan from the company that sold the item.

A more thorough explanation:

A sales finance company is a type of finance company that deals with loans. They either make loans themselves or purchase notes from other companies that make loans directly to borrowers. Sales finance companies do not deal directly with consumers, but instead purchase consumer installment paper arising from the sale of consumer durables "on time."

For example, if a person wants to buy a car but cannot afford to pay for it all at once, they may take out a loan from a car dealership. The dealership may then sell the loan to a sales finance company, which will collect payments from the borrower over time.

Another example is a furniture store that offers financing options for customers who want to buy furniture but cannot afford to pay for it all at once. The store may sell the loan to a sales finance company, which will then collect payments from the borrower.

These examples illustrate how sales finance companies operate by purchasing consumer installment paper from other companies and collecting payments from borrowers over time.

sales-assessment-ratio study | sale short

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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