forfaiting

British

/ 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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of forfaiting

C20: from French forfaire to forfeit or surrender

Example Sentences

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See Examples For:

forfaiting

This gentleman neuer toucheth the ground with his foote without forfaiting of his office, he neuer goeth abroad out of his house, nor is at all times to be seene.

From The Principal Navigations, Voyages, Traffiques and Discoveries of the English Nation — Volume 11 by Richard Hakluyt

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023