Definition
Meaning of 'del credere'
Meaning of 'del credere' (Webster Dictionary)
1. 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. Nearby Topics:
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