Meaning & use
del credere
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Meanings
adjectivebefore a nounbusinessfinancelegal
relating to an agent who guarantees payment to a seller if the buyer fails to pay.
Grammar: Used before a noun: a del credere agent, a del credere agreement. It is not used after a verb.
Patterns
- a del credere agent
- a del credere agreement
- a del credere commission
The company works through a del credere agent in markets where buyers are unreliable.
Under the del credere agreement, the agent must pay the exporter even if the customer defaults.
She earns a higher del credere commission because she carries the credit risk herself.
noununcountablebusinessfinancelegal
an extra commission paid to an agent who accepts responsibility for a buyer's debt.
Grammar: Used as an uncountable noun for the arrangement or the payment; it does not take 'a' or a plural.
Patterns
- work on del credere
- charge del credere
The agent works on del credere, so the seller is protected from bad debts.
For this risky market, the broker charges del credere of two percent.
Common combinations
- del credere agent
- A del credere agent takes on the risk of customers not paying.
- del credere commission
- The del credere commission covers the agent's extra risk.
- del credere agreement
- Both parties signed a del credere agreement before the goods were shipped.
Synonyms and how they differ
- guarantee commission
- A more general English term for the same idea; it does not carry the Italian legal flavor.
Practice
An agent who promises to pay the seller if the buyer does not pay is called a ______ agent.
Choose one answer.
'Del credere' describes exactly this kind of guarantee arrangement. 'Creditor' is a person who is owed money, and 'commission' is the payment, so neither fits before 'agent' in this sense.
Make it your own
Write a sentence using “del credere”, then check it and compare it with the examples above.