Del credere

 

 

 

Del credere

 

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Del credere

 

Meaning of term del credere

Del credere () An agreement by which an agent or factor, in consideration of an additional premium or commission (called a del credere commission), engages, when he sells goods on credit, to insure, warrant, or guarantee to his principal the solvency of the purchaser, the engagement of the factor being to pay the debt himself if it is not punctually discharged by the buyer when it becomes due.

 

Source: http://www.mso.anu.edu.au/~ralph/OPTED/v003/wb1913_d.html

Author : OPTED is a public domain English word list dictionary, based on the public domain portion of "The Project Gutenberg Etext of Webster's Unabridged Dictionary" which is in turn based on the 1913 US Webster's Unabridged Dictionary

 

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