forfaiting
noun as in strong fondness
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Example:Forfaiting offers non-recourse financing, meaning the seller has no liability if the buyer fails to pay.
Definition:A right to claim repayment from the seller in the event of default by the buyer.
From recourse
Example:Unlike forfaiting, a reversible transaction would allow the seller to reclaim the receivables if the buyer pays late.
Definition:Capable of being changed, altered, or returned to a previous state.
From reversible
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