Del Credere


Also found in: Dictionary, Legal, Wikipedia.

Del Credere

 

in civil law, a provision in a contract of commission whereby an agent takes upon himself responsibility (to his principal) for fulfillment of an agreement by a third party (for example, as provided for in the Civil Code of the RSFSR, art. 411). For a del credere arrangement the agent receives special remuneration.

Mentioned in ?
References in periodicals archive ?
Diemen NL, Branch Baar, is part of the METRO Group and handles the processing of payment transactions (collection and central processing) for the assigning European companies and their suppliers, the del credere and international coordination tasks.