1) English legal terminology
Found on
https://www.crosswordclues.com/clue/del-credere
A del credere (Italian for belief or trust) agent, in English law, is one who, selling goods for his principal on credit, undertakes for an additional commission to sell only to persons who are absolutely solvent. His position is thus that of a surety who is liable to his principal should the vendee make default. The agreement between him and his ...
Found on
http://en.wikipedia.org/wiki/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 dis......
Found on
http://thinkexist.com/dictionary/meaning/del_credere/
Del` cred'er·e [ Italian , 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 p...
Found on
http://www.encyclo.co.uk/webster/D/27
No exact match found.
