b c d e f g h i j k l m n o p q r s t u v w y z search |
TeachMeFinance.com - explain Del credere historic definition...
Del credere -- The obligation undertaken by a factor or
agent when selling goods on credit to hold himself liable in
case of the failure of the purchaser to pay.
A del credere commission is a commission charged for guaranteeing
the credit or solvency of a person to whom goods
are sold.
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer. |