alleryStart learning →What is forfaiting also called, given the exporter gives up recourse?
AWithout recourse financing
BRevolving credit line
COverdraft cover loan
DWith recourse discounting
Answer & Solution
Correct answer: A. Without recourse financing
The French word forfait means to relinquish a right, so the exporter gives up recourse and forfaiting is called without recourse financing.
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