How Do You Spell DEL CREDERE?

Pronunciation: [dˈɛl kɹˈɛdi͡ə] (IPA)

The term "Del credere" is commonly used in business and refers to a sales commission paid by a seller to a third party who guarantees payment by the customer. The spelling of "Del credere" is fairly straightforward, with each syllable pronounced distinctly as "dɛl kɹɛdɛɹeɪ". The first syllable "del" is pronounced with a short "e" sound, while the second syllable "credere" is pronounced with a long "e" sound. Overall, the correct spelling and pronunciation of "Del credere" is essential for clear communication in the business world.

DEL CREDERE Meaning and Definition

1. Del credere is a legal and financial term that refers to a specific type of contractual relationship between a principle, an agent, and a third party. Derived from Italian, the term "del credere" literally means "of (the) belief" or "of (the) credit."

   In such an arrangement, the agent, often a salesperson or intermediary, typically guarantees the creditworthiness and payment of a customer to the principle. The agent assumes a higher level of liability and responsibility by acting as a surety, ensuring that the third party will fulfill their contractual obligations, such as making payments or meeting other agreed-upon terms. This guarantee provides an added layer of confidence for the principle, as it reduces the risk of non-payment or default.

   In return for assuming this added liability, the agent receives additional compensation, known as a del credere commission or premium, which is usually calculated as a percentage of the sales made by the agent. This commission compensates the agent for the risk they undertake by guaranteeing the creditworthiness of the customer.

   Overall, the del credere arrangement provides a level of security for the principle, as it minimizes their risk exposure and helps facilitate business transactions with potentially less creditworthy customers. It also benefits the agent by rewarding them for their role in securing the transaction and assuming additional financial responsibility.

Common Misspellings for DEL CREDERE

• sel credere
• xel credere
• cel credere
• fel credere
• rel credere
• eel credere
• dwl credere
• dsl credere
• ddl credere
• drl credere
• d4l credere
• d3l credere
• dek credere
• dep credere
• deo credere
• del xredere
• del vredere
• del fredere
• del dredere

Etymology of DEL CREDERE

The term "del credere" comes from Italian, and its etymology can be traced back to Latin roots. "Del" is a contraction of the preposition "de" (meaning "of" or "from") and the preposition "el" (meaning "the" in archaic Italian). "Credere" is the infinitive form of the Italian verb that means "to believe" or "to trust".

In commerce, the term "del credere" is used to describe a situation where an agent or sales representative guarantees the creditworthiness of a buyer to their principal. The origins of this usage can be found in the Medieval Italian merchant practices, and the term "del credere" eventually became a recognized term in international commerce.