Del Credere
Legal definition for Indian law research
Definition
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
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.