Asked by Bethany Hinkle on Jul 06, 2024
Verified
Provide a definition for credit instrument captive finance company.
Credit Instrument Captive Finance Company
refers to a financial subsidiary company operated by a parent company primarily to provide financing for the sales and leasing of their products by offering credit to its customers.
- Comprehend the principle of credit scoring and its utilization in assessing creditworthiness.
Verified Answer
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Ngawang RabtenJul 08, 2024
Final Answer :
Wholly owned subsidiary that handles credit extension and receivables financing through commercial paper.
Learning Objectives
- Comprehend the principle of credit scoring and its utilization in assessing creditworthiness.