del credere

Definition of "del credere"
  1. 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
How to use "del credere" in a sentence
  1. The broker agreed to a del credere arrangement, ensuring the seller would receive payment for the goods even if the buyer defaulted.
  2. Under the terms of the del credere agreement, the agent was liable for the unpaid invoices of the client.
  3. In order to secure the deal, the agent accepted the del credere risk, assuring the payment from the buyer.

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