"del credere" Definition

  1. 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.

More About del credere

Position in dictionary: 25424 of 111710 words.
Word Type: ,
Words that start with "del credere": 1
Words that end with "del credere": 1
Words that contain "del credere": 1
Next words in dictionary: delaceration, delacrymation, delactation, delaine, delamination
Previous words in dictionary: del, dekle, dekastere, dekameter, dekaliter

English Dictionary Definition of del credere

Read all of this dictionary's definitions for the word "del credere" on this page. Also learn the word type, other words that start with, end with or contain this word, the position in the dictionary and the next and previous terms. The historical definitions of the word "del credere" found on this page is taken from the 1913 edition of Webster's Unabridged Dictionary.