____ refers to the purchase of financial obligations, such as bills of exchange or promissory notes, from the original holder, usually the exporter; the obligations are sold "without recourse," meaning that if the importer does not pay, the exporter has no responsibility for their payment.

Question

Quizplus · Accepted Answer

The description provided in the question matches the process of forfaiting. Factoring and accounts receivable financing involve purchasing accounts receivable or invoices, and the seller remains responsible for collecting payment from the buyer. Therefore, C - Forfaiting is the only correct choice.

____ Refers to the Purchase of Financial Obligations, Such as Bills