forfaiter


Also found in: Financial.
Related to forfaiter: forfeiting

forfaiter

(ˈfɔːˌfeɪtə)
n
(Banking & Finance) a person or company engaging in forfaiting
References in periodicals archive ?
The forfaiter takes on all the risks associated with the receivables but earns a margin.
The forfaiter takes on all the risks associated with the receivables but earns a margin, said a report in the Gulf Daily News, our sister publication.
In that case, the forfaiter, the purchaser of the receivables, becomes the entity to whom the importer is obliged to pay its debt.