del credere agent
del credere agent see agent

Merriam-Webster’s Dictionary of Law. . 1996.

del credere agent
An agent who is required by the principal to enter into a guarantee of the debts to the principal of customers whom he finds for the principal with whom he concludes contracts on behalf of the principal.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • 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 agent — del credere agent, a factor or agent who guarantees his principal against loss due to insolvency on contracts which he has made with third parties …   Useful english dictionary

  • del credere agent — An agent who guarantees his principal against the default of those with whom contracts are made. See del credere factor …   Ballentine's law dictionary

  • del credere agent — /del kreɪdərɪ ˌeɪdʒənt/ noun an agent who receives a high commission because they guarantee payment by customers …   Marketing dictionary in english

  • del credere agent — /del kreɪdərɪ ˌeɪdʒənt/ noun an agent who receives a high commission because he or she guarantees payment by customers …   Dictionary of banking and finance

  • del credere agent — A selling agent who guarantees to pay for any goods sold on behalf of a principal if the customer fails to do so. An extra commission is charged for covering this risk …   Big dictionary of business and management

  • Del Credere Agent — spezielle Form des ⇡ Absatzmittlers, der neben der Vermittlung und dem Abschluss von Geschäften als zusätzliche Dienstleistung für seine Auftraggeber (Hersteller, Exporteur) gegen eine ⇡ Delkredereprovision das Risiko des Forderungsausfall… …   Lexikon der Economics

  • 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 — 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

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