Translation of forfeiting (English-English)

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forfeiting: the business of discounting medium-term promissory notes or drafts related to an international trade transaction. Repayments are semi-annual and discounting is at a fixed rate ; providing finance for exporters, where an agent accepts a bill of exchange from an overseas customer, he buys the bills at a discount, and collects the payments from the customer in due course
Category: Financial affairs - taxation - customs

Please see: encyclo.co.uk for more definitions

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