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Definitions from the Web

Forfaiting

Part of Speech: Noun

Sense: A financing method used in international trade where the exporter transfers their receivables to a forfaiter at a discount in exchange for immediate cash payment.

Usage:

Local usage: The company decided to opt for forfaiting to secure immediate payment for their exported goods.

Popular usage: Forfaiting is a common practice among exporters who require immediate cash flow.

Sample Sentences:

1. The forfaiting process helped the company to mitigate the risk associated with delayed payments.
2. Many exporters find forfaiting as an efficient solution to maintain a steady cash flow.
3. The forfaiter offered a competitive discount rate for the transferred receivables.