forfaiting

listen to the pronunciation of forfaiting
Turkish - English
(Ticaret) forfeiting
Method of financing international trade of capital goods
This means to forfeit or give up a mission or being drafted
third-person singular of forfeit
has the same purpose and procedures as factoring, which is the sale by an exporter of its account receivable for immediate cash However there are two important differences: (1) factoring involves credit terms of no more than 180 days, while forfaiting may involve years; (2) factoring does not usually cover political and transfer risks, while fortaiting does