forfaiting
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
The purchase of an exporter's medium-term receivables by a financier who assumes all associated credit risk.
Through forfaiting the manufacturer received full payment upfront and shed the risk of the buyer defaulting.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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