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forfaiting |
Also found in: Financial, Wikipedia | 0.04 sec. |
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forfaiting [ˈfɔːˌfeɪtɪŋ] n (Economics, Accounting & Finance / Banking & Finance) the financial service of discounting, without recourse, a promissory note, bill of exchange, letter of credit, etc., received from an overseas buyer by an exporter; a form of debt discounting [from French forfaire to forfeit or surrender] How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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It also received The Banker Technology Awards 06/Trade Finance Project and was cited as Best Global Trade Finance Provider 06 by Trade & Forfaiting Review. 7 times (x) and total financial debt of US$881 million plus US$231 million of forfaiting, resulting in leverage as measured by debt-to-EBITDA of 2. Prior to that, he headed up the forfaiting team at ING. |
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