Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Black's Law Dictionary: 2nd Edition

    In mercantile law. A phrase borrowed from the Italians, equivalent to our word "guaranty" or "warranty," or the Scotch term "warrandice;" 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 a "del credere agent." He is a mere surety, liable only to his principal in case the purchaser makes default. Story, Ag. 28; Loeb v. Heilman, 83 N. Y. 603 ; Lewis v. Brehme, 33 Md. 424, 3 Am. Rep. 190; Lever-ick v. Meigs, 1 Cow. (N. Y.) 663; Ruffner v. Hewitt, 7 W. Va. 604.