1) Business term 
export finance where debts on goods are transacted
The selling “without recourse� of medium- to long-term export receivables to a financial institution, the forfaiter. A third party, usually a bank or governmental unit, guarantees the financing.
The purchase of an exporter's receivables -- the amounts owed by importers to whom goods have already been delivered -- at a discount by a specialized financing firm or a department of a bank. This is one method of trade finance.
A form of factoring that involves selling large, medium to long-term receivables to buyers (forfaiters) who are willing and able to bear the costs and risks of credit and collections.