Del credere

Definitions

  • Webster's Revised Unabridged Dictionary
    • Del credere (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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Etymology

Webster's Revised Unabridged Dictionary
It., of belief or trust

Usage

In literature:

A proportional sum by which insurance, brokerage, freight, del credere, &c., are paid.
"The Sailor's Word-Book" by William Henry Smyth
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