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…
A figure of speech in which the expression is an evident exaggeration of the meaning intended to be conveyed or by which things are represented as much greater or less better or worse than they really are a statement exaggerated fancifully through excitement or for effect...