del credere agent
- del credere agent del credere agent ➔ agent
* * *del credere agent UK US noun [C]► COMMERCE a person or company that receives commission (= payment) for selling goods or services for another person or company, and that agrees to pay for the goods even if no money is received from the buyer: »
Upon default of payment he himself must pay for the goods, and for this additional service the del credere agent receives a higher commission than an ordinary sales agent.
Financial and business terms. 2012.
Look at other dictionaries:
del credere agent — see agent Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. del credere agent … Law dictionary
del credere agent — del credere agent, a factor or agent who guarantees his principal against loss due to insolvency on contracts which he has made with third parties … Useful english dictionary
del credere agent — An agent who guarantees his principal against the default of those with whom contracts are made. See del credere factor … Ballentine's law dictionary
del credere agent — /del kreɪdərɪ ˌeɪdʒənt/ noun an agent who receives a high commission because they guarantee payment by customers … Marketing dictionary in english
del credere agent — /del kreɪdərɪ ˌeɪdʒənt/ noun an agent who receives a high commission because he or she guarantees payment by customers … Dictionary of banking and finance
del credere agent — Fin an agent who agrees to sell goods on commission and pay the principal even if the buyer defaults on payment. To cover the risk of default, the commission is marginally higher than that of a general agent … The ultimate business dictionary
del credere agent — A selling agent who guarantees to pay for any goods sold on behalf of a principal if the customer fails to do so. An extra commission is charged for covering this risk … Big dictionary of business and management
Del Credere Agent — spezielle Form des ⇡ Absatzmittlers, der neben der Vermittlung und dem Abschluss von Geschäften als zusätzliche Dienstleistung für seine Auftraggeber (Hersteller, Exporteur) gegen eine ⇡ Delkredereprovision das Risiko des Forderungsausfall… … Lexikon der Economics
del credere — /del kreydarey/ An agreement by which a factor, when he sells goods on credit, for an additional commission (called a del credere commission ), guaranties the solvency of the purchaser and his performance of the contract. Such a factor is called… … Black's law dictionary
Del Credere Agency — In business law, a del credere agency is a type of principal agent relationship wherein the agent acts not only as a salesperson or broker for the principal, but also as a guarantor of credit extended to the buyer. If the buyer is unable to pay… … Investment dictionary