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Del credere

Source : Webster's Revised Unabridged Dictionary (1913)

Del credere \Del` cred"er*e\ [It., of belief or trust.]
   (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.
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