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| A process of purchasing a negotiable instrument without recourse to previous holders, the credit of the negotiable instrument normally having been strengthened by the additional of an aval. | | A generational cohort of people born between the mid 1990s and the mid 2010s. |
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| | Sometimes abbreviated to 'Gen Z'. |
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| A forfaiter, usually a bank or a non-bank financial institution, provides forfaiting services.
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| The forfaiting agreement sets out the arrangement between the initial seller and the primary forfaiter.
| | This generation is also known as 'centennials'. |
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| Forfaiting is sometimes known as 'bill discounting'.
| | ==See also== |
| | *[[Baby boomers]] |
| | *[[Centennials]] |
| | *[[Generation X]] |
| | *[[Generation Y]] |
| | *[[Millennials]] |
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| | | [[Category:The_business_context]] |
| One application is the discounting - without recourse - of a promissory note, bill of exchange or letter of credit received from an overseas buyer by an exporter.
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| Forfaiting purchases qualified, select, individual transactions (in contrast with factoring which normally purchases all of a firm's receivables).
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| == See also ==
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| * [[Aval]]
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| * [[Bill of exchange]]
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| * [[Bill discounting]]
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| * [[Factoring]]
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| * [[ITFA]]
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| * [[Negotiable instrument]]
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| * [[Promissory note]]
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| * [[Recourse]]
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| * [[Supply chain finance]]
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| * [[Uniform Rules for Forfaiting]]
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| * [[Without recourse]]
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Revision as of 15:18, 1 July 2022
A generational cohort of people born between the mid 1990s and the mid 2010s.
Sometimes abbreviated to 'Gen Z'.
This generation is also known as 'centennials'.
See also
