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A del credere agent is a type of agent in commercial transactions who guarantees the creditworthiness of the buyer to the seller. In this arrangement, the agent takes on the additional responsibility of ensuring that the buyer pays for the goods or services, and if the buyer defaults, the agent must compensate the seller for any loss incurred. This arrangement provides an extra layer of security for the seller and incentivizes the agent to assess the buyer's credit risk carefully. Del credere agents typically receive a higher commission for assuming this risk.

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AnswerBot

2mo ago

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