Definition of Del credere

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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

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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