Engaging, when selling goods on credit, to guarantee to the key your purchaser is solvent. The vendor is otherwise in charge of your debt.
An agreement through which a real estate agent or element, in consideration of another premium or fee (labeled as a del credere payment), engages, when he offers items on credit, to guarantee, warrant, or guarantee to their key the solvency associated with the buyer, the engagement associated with the element being to pay your debt himself if it is not punctually discharged because of the customer when it becomes because of.
An Italian mercantile expression, similar in import into the English guaranty and/or Scotch warrandice.
Definition for "del credere"
Engaging, when selling goods on credit, to guarantee…