- secondary forfaiter
- An individual or financial entity that buys or sells the payment obligations of the importer/ guarantor. Bloomberg Financial Dictionary
Financial and business terms. 2012.
secondary forfaiter
Look at other dictionaries:
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 — The purchasing of an exporter s receivables (the amount importers owe the exporter) at a discount by paying cash. The forfaiter, the purchaser of the receivables, becomes the entity to whom the importer is obliged to pay its debt. By purchasing… … Investment dictionary
