forfaiting
noun as in strong fondness
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Example Sentences
Example:Instead of factoring, the company opted for forfaiting due to the longer time frame involved.
Definition:A financial service where a company sells its current assets (such as accounts receivable) to a factor for cash.
From factoring
Example:Although discounting is similar, forfaiting is more often associated with international trade finance.
Definition:The process of obtaining cash by selling a negotiable instrument before its maturity date at a discount.
From discounting
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