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LSDefine

Simple English definitions for legal terms

del credere commission

Read a random definition: in apicibus juris

A quick definition of del credere commission:

A del credere commission is a type of commission that a factor receives for guaranteeing payment to the principal of all debts that become due through the agency relationship. This means that the factor takes on extra responsibility and risk, and is compensated accordingly with a higher commission. It's like getting paid extra for doing a more difficult job.

A more thorough explanation:

Definition: A del credere commission is a type of commission paid to a factor (a person who sells goods on behalf of another) that is higher than usual because the factor guarantees payment to the principal (the person who owns the goods being sold) for all debts that become due through the agency relationship.

Example: Let's say that a company hires a factor to sell their products to retailers. The factor charges a del credere commission of 5%. This means that if a retailer fails to pay for the products they received, the factor will still pay the principal for the debt owed. In exchange for this guarantee, the factor charges a higher commission than they would if they did not offer this service.

Another example: A clothing manufacturer hires a factor to sell their products to department stores. The factor charges a del credere commission of 7%. This means that if a department store goes bankrupt and cannot pay for the products they received, the factor will still pay the manufacturer for the debt owed. The higher commission compensates the factor for taking on this risk.

The examples illustrate how a del credere commission works. The factor takes on the risk of non-payment by the retailers or department stores and guarantees payment to the principal. In exchange for this guarantee, the factor charges a higher commission than they would if they did not offer this service.

del credere bailiff | del credere factor

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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