Difference between revisions of "Forfeiting"
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
(No difference)
|
Latest revision as of 23:03, 10 February 2020
Definition
Forfeiting. It is a form of receivables purchase, consisting of the without recourse purchase of future payment obligations represented by financial instruments or payment obligations, at a discount or at face value in return for a financing charge.