Success of the Forfaiting Technique Springs from the Belief That

question 41

True/False

Success of the forfaiting technique springs from the belief that the aval can be depended on.

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Definitions:

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business.

Merchandisers

Businesses that purchase goods for resale at a profit, dealing primarily in tangible products that are marketed to consumers or other businesses.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account; also refers to the provision of resources based on a trust agreement.

Sales Tax

A tax imposed by governments on the sale of goods and services.