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FrançaisAn account maintained in a foreign bank in the currency of the country in which the bank is located. When such accounts are kept, they usually represent that portion of the carrying bank´s foreign currency account that is in excess…
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Current or liquid claims payable in foreign currency and in a foreign country (bank balances, checks, bills of exchange). Not to be confused with foreign bank notes and coin, which are not included in this definition.
Read MoreForfaiting
The purchase by the forfaiter of an exporter´s accounts receivable which are based on negotiable instruments such as bills of exchange and promisory notes. In contrast to factoring, forfaiting involves a series of independent, medium-to-longer-term obligations of higher value. Since…
Read MoreForklift trucks
A motorized truck equipped with two hydraulically powered forks that can lift, move and position skidded or palletized cargo.
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