Business, Legal & Accounting Glossary
The purchaser of an exporter’s receivables (the amount owed by an importer to an exporter on credit), which is normally bought at discount paid in cash. The “forfeiter” then becomes the recipient of the importer’s debt (assuming all the associated risks), while the exporter receives improved (or instant) cash flow for a slight income loss.
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This glossary post was last updated: 20th November, 2021 | 0 Views.