del-credere agent
11Del 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… …
12Del 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… …
13del credere — del cre·de·re /del krā də ˌrā/ adj [Italian, of belief, of trust]: relating to or guaranteeing performance or payment by third persons to a principal in connection with transactions entered into by an agent for the principal usu. in return for… …
14Del 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,… …
15del 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) …
16del credere — (ˈ)del|krādərē adjective Etymology: Italian, of belief, of trust of a commission merchant or agent or an agency agreement : relating to or guaranteeing performance or payment by third persons to the principal in connection with sales or… …
17commission 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… …
18commission 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… …
19Agent — The decision maker in a principal agent relationship. The New York Times Financial Glossary * * * agent a‧gent [ˈeɪdʒnt] noun [countable] 1. COMMERCE JOBS a person or company that is paid by another person or company to represent them in… …
20agent — A party appointed to act on behalf of a principal entity or person. In context of project financing, refers to the bank in charge of administering the project financing. Bloomberg Financial Dictionary For the purpose of the Agent Service, an… …
