forfaiting
noun[U]
FINANCE,COMMERCEuk/ˈfɔːfɪtɪŋ/usasituationin which afinancialorganizationbuysadebtowedto anexporterforgoodsdeliveredto animporter. Theimportermust thenpaythefinancialorganizationinsteadof theexporter.
Examplesofforfaiting
forfaiting
Competition will come not only from other insurers but through exporters using other methods such asforfaiting.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Its purpose is to develop business relationships and assist otherforfaiting-related organizations.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Theforfaitingis a transaction involving the sale of one of the firm's transactions.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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