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单词 del credere terms
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del credere terms
Of or relating to the guarantee of payment given by a selling agent or broker on behalf of a buyer (see sense B.), as in del credere agent, del credere account, del credere terms, etc.Recorded earliest in commission del credere, variant of del credere commission n. at Compounds.
ΚΠ
?1785 tr. Agreem. Amsterdam 1782 in Before Lords Commissioners of Appeals Prize Causes: Arend op Zee: Case on Behalf Respondents 5 Together with Restitution of the Premium of Insurance disbursed thereon, and also what he may have paid for Commission del Credere.
1891 Law Times 91 224/1 Nor is there any general presumption of law which fixes the broker with liability as a del credere agent.
1925 R. S. Smith Markets Northern Chile 10 There are some banks in Belgium that make a specialty of assuming del credere risk in connection with lumber shipments.
2008 Econ. Hist. Rev. 61 704 The Reckitts employed commission agents who dealt exclusively with the firm's goods on del credere terms.
extracted from del credereadv.n.adj.
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