____ refers to the purchase of financial obligations, such as bills of exchange or promissory notes, without recourse to the original holder, usually the exporter.

Question

Quizplus · Accepted Answer

Forfaiting specifically refers to the purchase of financial obligations without recourse to the original holder, while factoring and accounts receivable financing may still involve recourse to the original holder.

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