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LSDefine

Simple English definitions for legal terms

commission del credere

Read a random definition: grantor-retained income trust

A quick definition of commission del credere:

Commission del credere: This is a fee that a seller's agent receives for making sure that a buyer pays their debt. It's like a guarantee that the buyer will pay what they owe.

A more thorough explanation:

Definition: Commission del credere is a fee paid to a seller's agent for guaranteeing that a buyer will pay their debt.

Example: Let's say a buyer wants to purchase goods from a seller, but the seller is unsure if the buyer will be able to pay for the goods. The seller can hire an agent to act as a middleman and guarantee that the buyer will pay. In exchange for this guarantee, the agent will receive a commission del credere.

Another example: A company wants to sell their products to a new customer, but they are worried about the customer's ability to pay. They hire an agent to act as a guarantor and ensure that the customer will pay for the products. The agent receives a commission del credere for their services.

These examples illustrate how commission del credere works in practice. It is a way for sellers to protect themselves from the risk of non-payment by buyers, and for agents to earn a fee for providing this protection.

commission day | commissioned officer

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texaslawhopefully
10:31
Good food is like one of the best parts of life
cumsock
10:31
tex give it a chance
jackfrost11770
10:31
I mean he's gonna die at like 25
jackfrost11770
10:31
I wish I could do that without consequence
texaslawhopefully
10:31
@cumsock: I have, it’s awful. The fish doesn’t even taste like fish man 😭
10:31
yeah his waist is snatched from doing that fr
JumpySubsequentDolphin
10:31
the windchill is almost -20 omfg
JumpySubsequentDolphin
10:31
BRRRRRR
@jackfrost11770: I am the same, I got a boo boo to my gallbladder so I get sick majority of the time I eat.
suddy
10:33
Soylent-maxxing
cumsock
10:33
@texaslawhopefully: do u like white fish normally i think its pollock
lilypadfrog
10:33
disordered eating will literally ruin your life and make you want to kill yourself. eating is good for you and being able to find pleasure in eating is an important part of having a fulfilling life I think
cleaning up my diet and paying more attention to what i put in my body has done wonders
texaslawhopefully
10:35
@cumsock: only really tilapia, but I prefer salmon
10:35
im with u jack, eating is a pain.
10:35
i love eating, too much
10:35
food is yummy
GreyCeaselessMammoth
10:35
I'm with curvy on this, it literally changed my life
suddy
10:36
Food is the primary joy in life
shaquilleoatmeal
10:36
i probs go over board w health, do a vitamin deficiency and nutrient level test quarterly
shaquilleoatmeal
10:36
which i highly recommend because youll know what to feed your body better
10:36
@shaquilleoatmeal: was anything surprising when u first had it done? ie way out of line?
Reading an intelligence brief I just learned of a terror group that goes by MILF the Moro Islamic Liberation Front.
JumpySubsequentDolphin
10:38
I’m severely vitamin d deficient
JumpySubsequentDolphin
10:38
I’m also anemic but I don’t take my iron bc it hurts my stomach
When in southeast Asia be careful of a MILF attack lmfao
GreyCeaselessMammoth
10:38
jumpy how are you vitamin d deficient? just go outside
shaquilleoatmeal
10:40
@llama: yea my vitamin k levels were wack, its normal after focusing on it but wouldnt have known otherwise
texaslawhopefully
10:40
I think it’s really easy to be vitamin D deficient, I’m perpetually vitamin D deficient too
shaquilleoatmeal
10:40
@JumpySubsequentDolphin: go buy this rn https://luckyironlife.com/?srsltid=AfmBOopcbDKFQGvh4KZ_nbX2zDqQNiXhVLGMqa27SRB-aW6oIepipKGz
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