Turkish - English
Definition of forfaiting in Turkish English dictionary
- (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