World English Dictionary
forfaiting (ˈfɔːˌfeɪtɪŋ)
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
[C20: from French forfaire to forfeit or surrender]

Collins English Dictionary - Complete & Unabridged 10th Edition
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