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final forfait quote

Korean translation: Final fixed quote


16:10 May 28, 2008Login or register (free) for more options.
English to Korean translations [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: final forfait quote
What's the meaning of ' forfait quote'? Please explain either in Kprean or in English.
I think 'forfait' is a typo of 'forfeit'
Yeonsoon Jung
Canada
Local time: 03:48
Korean translation:Final fixed quote
Explanation:
Forfait means "fixed" or "final" in French. So it means, final fixed quote, or final quote price.

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Note added at 57 mins (2008-05-28 17:08:08 GMT) Post-grading
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It doesn't seem like a typo. Forfait quote is usually used by European translation agencies, it seems.
Selected response from:

Tae Kim
United States
Local time: 00:48
Grading comment
Thanks. So, forfait is not a typo?
4 KudoZ points were awarded for this answer



Summary of answers provided
5forfait is a financing term
JKS
5Final fixed quoteTae Kim


  

Answers


2 mins   confidence: Answerer confidence 5/5
Final fixed quote


Explanation:
Forfait means "fixed" or "final" in French. So it means, final fixed quote, or final quote price.

--------------------------------------------------
Note added at 57 mins (2008-05-28 17:08:08 GMT) Post-grading
--------------------------------------------------

It doesn't seem like a typo. Forfait quote is usually used by European translation agencies, it seems.


Tae Kim
United States
Local time: 00:48
Works in field
Native speaker of: Native in KoreanKorean
PRO pts in category: 4
Grading comment
Thanks. So, forfait is not a typo?
Login to enter a peer comment (or grade)

27 days   confidence: Answerer confidence 5/5
forfait is a financing term


Explanation:
Forfait Transaction or Forfaiting is a method of international trade financing, a way to finance imports/exports.

Example sentence(s):
  • Forfaiting is used for international trade transactions ususally involving debt instruments.

    Reference: http://rds.yahoo.com/_ylt=A0oGkiqMdmFIH1gBaO9XNyoA;_ylu=X3oD...
JKS
Guam
Local time: 18:48
Works in field
Native speaker of: Native in EnglishEnglish, Native in KoreanKorean
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