A written financial undertaking by means of which ownership to a future payment claim can be transferred between two parties, usually by endorsement. Promissory Notes and Bills of Exchange are the most common types of claim used in forfaiting.
A written financial undertaking by means of which ownership to a future payment claim can be transferred between two parties, usually by endorsement. Promissory Notes and Bills of Exchange are the most common types of claim used in forfaiting.