- commission del credere
- See del credere commission.
Ballentine's law dictionary. Anderson, W.S.. 1998.
commission del credere
Look at other dictionaries:
commission del credere — In commercial law, exists where an agent of a seller undertakes to guaranty to his principal the payment of the debt due by the buyer. The phrase del credere is borrowed from the Italian language, in which its signification is equivalent to our… … Black's law dictionary
commission del credere — In commercial law, exists where an agent of a seller undertakes to guaranty to his principal the payment of the debt due by the buyer. The phrase del credere is borrowed from the Italian language, in which its signification is equivalent to our… … Black's law dictionary
del credere agent — ➔ agent * * * del credere agent UK US noun [C] ► COMMERCE a person or company that receives commission (= payment) for selling goods or services for another person or company, and that agrees to pay for the goods even if no money is received from … Financial and business terms
Del credere — 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,… … The Collaborative International Dictionary of English
del credere — /del kreydarey/ An agreement by which a factor, when he sells goods on credit, for an additional commission (called a del credere commission ), guaranties the solvency of the purchaser and his performance of the contract. Such a factor is called… … Black's law dictionary
del credere — /del kreydarey/ An agreement by which a factor, when he sells goods on credit, for an additional commission (called a del credere commission ), guaranties the solvency of the purchaser and his performance of the contract. Such a factor is called… … Black's law dictionary
del credere agency — an agent who, in selling goods on credit, guarantees to his principal the solvency of the purchaser and that the purchaser will duly perform his part of the contract. This guarantee attracts an extra commission (known as a del credere commission) … Law dictionary
Del Credere Agency — In business law, a del credere agency is a type of principal agent relationship wherein the agent acts not only as a salesperson or broker for the principal, but also as a guarantor of credit extended to the buyer. If the buyer is unable to pay… … Investment dictionary
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… … Wikipedia
del credere agent — /del kreɪdərɪ ˌeɪdʒənt/ noun an agent who receives a high commission because they guarantee payment by customers … Marketing dictionary in english
