English version

forfaiting

From Longman Business Dictionaryforfaitingfor‧fait‧ing /ˈfɔːˌfeɪtɪŋˈfɔːr-/ noun [uncountable]FINANCE when a specialized financial institution buys the debt to an exporter on or shortly after the delivery of goods to an importerWith 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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