Meaning of forfaiting

 

 

 

Forfaiting

 

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International trade

Glossary of international trade terms

 

Meaning and definition of forfaiting :

 

Forfaiting, similar to factoring, is an arrangement under which exporters actually forfeit their rights to future payment in return for immediate cash. The arrangement is commonly used for sales of capital equipment with terms of one-to-five years.

 

For the term forfaiting may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.

 

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Glossary of international trade terms

 

Forfaiting

 

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