del credere factor

A factor who for an additional commission guaranties the solvency of the purchaser and his performance of the contract. Pocohontas Guano Co. v Smith, 122 Va 318, 94 SE 769.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • 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 — del cre·de·re /del krā də ˌrā/ adj [Italian, of belief, of trust]: relating to or guaranteeing performance or payment by third persons to a principal in connection with transactions entered into by an agent for the principal usu. in return for… …   Law dictionary

  • Del credere — Del cred er*e [It., of belief or trust.] (Mercantile Law) 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,… …   The Collaborative International Dictionary of English

  • 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 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 commission — An additional compensation paid to a factor for undertaking, in case of a sale, to guaranty to his principal the payment of the debt due from the buyer. Duguid v Edwards (NY) 50 Barb 288, 296 …   Ballentine's law dictionary

  • factor — A person employed specially to receive and take possession of goods from a principal and to sell them for a compensation called factorage or commission. Sometimes called a consignee or commission merchant. Under some definitions, the term… …   Ballentine's law dictionary

  • del cred|er|e — «dehl KREHD uhr ee, KREE duhr ee», 1. Law. denoting the obligation of a factor or agent to guarantee the solvency of the third parties with whom he contracts for his principal. 2. (literally) of belief or trust. ╂[< Italian del credere <… …   Useful english dictionary

  • Commission — Com*mis sion, n. [F., fr. L. commissio. See {Commit}.] 1. The act of committing, doing, or performing; the act of perpetrating. [1913 Webster] Every commission of sin introduces into the soul a certain degree of hardness. South. [1913 Webster] 2 …   The Collaborative International Dictionary of English

  • Commission merchant — Commission Com*mis sion, n. [F., fr. L. commissio. See {Commit}.] 1. The act of committing, doing, or performing; the act of perpetrating. [1913 Webster] Every commission of sin introduces into the soul a certain degree of hardness. South. [1913… …   The Collaborative International Dictionary of English

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