Method of export trade financing, especially when dealing in capital goods (which have long payment periods) or with high risk countries. In forfeiting, a bank advances cash to an exporter against invoices or promissory notes guaranteed by the importer's bank. The amount advanced is always 'without recourse' to the exporter, and is less than the invoice or note amount as it is discounted by the bank. The discount rates depends on the terms of the invoice/note and the level of the associated risk.
Related information about forfeiting:
- forfeiting - definition of forfeiting by the Free Online Dictionary ...
Something surrendered or subject to surrender as punishment for a crime, an offense, an error, or a breach of contract. 2. Games. a. Something placed in escrow ...
- What is forfeiting? definition and meaning - InvestorWords.com
Definition of forfeiting: Method of export trade financing, especially when dealing in capital goods (which have long payment periods) or with high risk countries.
- Forfeiting
This is the purchase of accepted bills of exchange, documentary letters of credit or any other promissory form of payment made in foreign currency. The acquirer ...
- Encyclopedia of Credit - Forfeiting; International Financing
Forfeiting plays a role for some exporters who prefer cash instead of deferred ... Forfeiting, which in some ways is similar to factoring, involves the surrender by ...
- What is forfeiting? definition and meaning - BusinessDictionary.com
Definition of forfeiting: A type of financing that whereby a bank gives an exporter cash up front so as to guarantee payment to them. Used primarily when export ...
- Un forfeiting | Define Un forfeiting at Dictionary.com
something to which the right is lost, as for commission of a crime or misdeed, neglect of duty, or violation of a contract. 4. an article deposited in a game because ...
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In Forfeiting Our Property Rights, Congressman Henry Hyde of Illinois examines the abuse inherent in civil forfeiture, the law that lets government take property ...