del credere
- A guarantee regarding the fulfillment of payments or obligations by a third party, connected with a transaction that an agent initiates for a principal, typically in exchange for an increased commission
- The broker agreed to a del credere arrangement, ensuring the seller would receive payment for the goods even if the buyer defaulted.
- Under the terms of the del credere agreement, the agent was liable for the unpaid invoices of the client.
- In order to secure the deal, the agent accepted the del credere risk, assuring the payment from the buyer.
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