Definitions for "Forfaiting"
Rather like factoring for exporters, in that a third party, the agent or forfaiter, purchases a bill of exchange at a discount and collects payment in full from the customer.
The process of purchasing at a discount registered bank "paper" which will mature in the future without recourse to any previous holder of the debt-generated bank paper.
The selling, at a discount, of a longer-term receivable or promissory note of a buyer.
Keywords:  able, medium, factoring, bear, sold
A form of factoring in which large, medium- to long-term receivables are sold to buyers (forfaiters) that are willing and able to bear the costs and risks of credit and collections.