industrial loan company
1
7.1
- noun
- /ɪnˈdʌstriəl loʊn ˈkʌmpəni/
- Specialized
:
compañía de préstamos industriales
- After researching various options, he decided to apply for a loan through an industrial loan company known for its flexible terms.
Examples
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That is, companies can try to qualify for TARP taxpayer money by buying thrifts or industrial loan companies, outfits that basically process loans and credit cards (see the column "The United States of Bailouts").
Blog text (21) -
The industrial loan company offered personal loans to factory workers with low interest rates.
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Many individuals turned to the industrial loan company when they needed quick access to cash for emergencies.
Synonyms
5
3.5
A business that lends money to people or small businesses
4
3.7
A bank or company that gives money to people and businesses to pay back
1
5.3
A bank that gives small loans to workers or small businesses
A company that gives small loans to people who cannot get bank loans
How Specialized
21
4.8
- Specialized
1
3.7
- Specialized
1
7.1
- Specialized
1
2.7
- Specialized
12
3.0
Surface Forms
Morphology
industrial + loan + company
The phrase is compositionally clear enough that a learner who knows 'industrial' + 'loan' + 'company' can infer it refers to a company that makes loans, likely tied to industry or industrial workers. However, the expression denotes a specific, technical US legal/financial institution with regulatory and functional nuances (state-chartered bank, deposit/ checking-account distinctions) that are not derivable from the constituents, so full meaning requires extra knowledge.
Etymology
Industrial loan company began as a business near factories that made small loans to industrial workers who needed money quickly. Today the name still means a company that 'gives loans' and sometimes 'takes deposits', rather than a regular bank.