Del credere

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Del` cred´er`e

(Mercantile Law) An agreement by which an agent or factor, in consideration of an additional premium or commission (called a del credere commission), engages, when he sells goods on credit, to insure, warrant, or guarantee to his principal the solvency of the purchaser, the engagement of the factor being to pay the debt himself if it is not punctually discharged by the buyer when it becomes due.

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.

References in periodicals archive

The coverage goes by many names: del credere insurance, business credit insurance, export credit insurance, accounts receivable insurance or short-term credit insurance.

Banking on growth: Basel III bank standards are creating opportunities for insurers

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