del credere agent

Definition of "del credere agent"
  1. 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
How to use "del credere agent" in a sentence
  1. The del credere agent provided security to the supplier, ensuring the customer would make payment.
  2. A del credere agent is held liable if the buyer fails to complete their financial obligations in the transaction.
  3. Due to the risk involved, a del credere agent often receives higher commission than a regular agent.

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