forfaiting

/ (ˈfɔːˌfeɪtɪŋ) /

noun

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

Nearby words

forewoman, foreword, foreworn, forex, foreyard, forfaiting, forfar, forfeit, forfeiture, forfend, forfex

Word Origin for forfaiting

C20: from French forfaire to forfeit or surrender

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