About The Word Del credere
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Del credere
| Del credere Definition And Meaning |
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What's The Definition Of Del credere?Synonyms | Synonyms for Del credere: Related Terms | Find terms related to Del credere: See Also | Del credere In Webster's Dictionary \Del` cred"er*e\ [It., of belief or trust.]
(Mercantile Law)
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.
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