English, asked by amritha27, 11 months ago

what is Forfaiting?

Answers

Answered by priyanshuranjan1204

13

Forfaiting is a means of financing that enables exporters to receive immediate cash by selling their medium and long-term receivables—the amount an importer owes the exporter—at a discount through an intermediary. ... A forfaiter is typically a bank or a financial firm that specializes in export financing.

Answered by ratdna

1

Forfeiting means replicating currencies to cheat shopkeepers and other sellers

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