forfaiting









forfaiting


forfaiting noun

  1. the financial service of discounting, without recourse, a promissory note, bill of exchange, letter of credit, etc, received from an overseas buyer by an exporter; a form of debt discounting

Word Origin for forfaiting C20: from French forfaire to forfeit or surrender

Leave a Reply

Your email address will not be published.

52 queries 0.486