Meaning of DEL CREDERE in English

Use in sentences of DEL CREDERE

Meaning of DEL CREDERE in English

• 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.

Synonyms of ‘DEL CREDERE’

Antonyms of ‘DEL CREDERE’

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