Forfaiter

Also found in: Dictionary/thesaurus, Wikipedia

0.01 sec.

Forfaiter

Purchaser of promises to pay issued by importers.

Forfaiter (Primary)

An individual or financial entity that arranges a forfaiting transaction directly with an exporter and then holds or sells on the payment obligations of the importer/ guarantor.

Forfaiter (Secondary)

An individual or financial entity that buys or sells the payment obligations of the importer/ guarantor.

Forfaiting

In international trade, the selling of an exporter's receivables for a particular transaction. It is similar to factoring except in scope. While a company sells all of its accounts receivable in factoring, an exporter only sells one receivable for one, perhaps high risk, transaction. In forfaiting, the buyer is known as a forfaiter, and assumes all the risks associated with collecting the receivables. Generally, the exporter forfaits the receivable at a discount. This improves cash flow but reduces income.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Forfaiting Trade Finance			In that case, the forfaiter, the purchaser of the receivables, becomes the entity to whom the importer is obliged to pay its debt. Global banking: what an international banker can offer Indiana ... by Hromadka, Erik / Indiana Business Magazine When the exporter is known to the forfaiter, a transaction can even close in a day. Is forfaiting the answer for Africa? by Giorgio, Emmanuelle Moors de / African Business			Foreign Exchange Dealer Foreign Exchange Market Foreign Exchange Rate Foreign Exchange Risk Foreign Exchange Swap Foreign holdings foreign investment in real estate Foreign Investment in Real Property Tax Act Foreign Investment Risk Matrix foreign judgment Foreign Market Foreign Market Beta Foreign Official Institutions Foreign Plan Foreign public borrower Foreign Restricted List Foreign Sales Corporation Foreign Tax Credit Foreign Tax Credit or Deduction Foreign-Source Income Foreign-Targeted Issue Foreigner Forensic Accountant Forensic Accounting Forex Forfaiter Forfaiting Forfeiting forfeiture Forfetizacion Forfinjaan Ahwa forgery Forint Form 10-K Form 10-Q Form 1000 Form 1023 Form 1024 Form 1028 Form 1040 (PR) Form 1040 (PR) (Anejo H-PR) Form 1040 (Schedule C) Form 1040 (Schedule D-1) Form 1040 (Schedule E) Form 1040 (Schedule EIC) Form 1040 (Schedule F) Form 1040 (Schedule H) Form 1040 (Schedule J) Form 1040 (Schedule L) Form 1040 (Schedule M) Form 1040 (Schedule R)			foreworn Forewot Forex Forex Forex Forex Forex Forex Betting and Trading Forex broker Forex brokerage Forex Brokers Forex Capital Market Forex Capital Markets Forex International Markets Forex market Forex Markets Forex Peace Army Forex Trading Forex, Metals, Energies and Assets foreyard foreyard foreyards foreyards Forez FORF Forfait Forfait Forfait Journalier Hospitalier Forfaited Forfaited Forfaiter Forfaiters Forfaiters Forfaiting Forfaiting Forfaits Forfaits ForFakeSight Forfalture Forfar Forfar Forfar Athletic Football Club Forfar bridie Forfar bridie Forfar, Angus Forfar, Angus Forfar, Scotland Forfar, Scotland Forfarshire Forfarshire Forfarshire forfeit forfeit forfeit forfeit forfeit Forfeit the Game Forfeit Win forfeitable forfeitable forfeitable

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.