del credere agent
- A type of agent who gives assurance to their principal that any third parties engaged in the transaction will fulfill their pay or perform duties
- The del credere agent provided security to the supplier, ensuring the customer would make payment.
- A del credere agent is held liable if the buyer fails to complete their financial obligations in the transaction.
- Due to the risk involved, a del credere agent often receives higher commission than a regular agent.
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