Del Crederé Commission

Del Crederé Commission, the higher rate or allowance charged by a factor or agent, in respect of which he guarantees the solvency of the purchaser, and renders himself personally liable to his principal in case of the purchaser's failure to pay the price of the goods sold. It is not necessary that the contract be in writing. The amount of the premium is of course variable, but it is frequently double an ordinary selling commission.