forfaited

forfaited: forfaiting for‧fait‧ing [ˈfɔːˌfeɪtɪŋ ǁ ˈfɔːr-] noun [uncountable] FINANCE

when a specialized financial institution buys the debt to an exporter on or shortly after the delivery of goods to an importer:

• With forfaiting, we can provide liquidity and remove the political and credit risks for local exporters.

— forfaited adjective [only before a noun] :

• He advised investors to buy forfaited paper (= debts related to exported goods ) .

— forfaiter noun [countable] :

• Specialist forfaiters have begun to finance significant trade deals in Kazakhstan.

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Forfaiter — Purchaser of promises to pay issued by importers. The New York Times Financial Glossary * * * forfaiting for‧fait‧ing [ˈfɔːˌfeɪtɪŋ ǁ ˈfɔːr ] noun [uncountable] FINANCE when a specialized financial institution buys the debt to an exporter on or… … Financial and business terms
forfaiter — Purchaser of promises to pay issued by importers. Bloomberg Financial Dictionary ( primary) forfaiter An individual or financial entity that arranges a forfaiting transaction directly with an exporter and then holds or sells on the payment… … Financial and business terms
forfaiting — A form of factoring that involves selling large, medium to long term receivables to buyers (forfaiters ) who are willing and able to bear the costs and risks of credit and collections. Bloomberg Financial Dictionary * * * forfaiting for‧fait‧ing… … Financial and business terms

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