| 单词 | cross guarantee |
| 释义 | cross guarantee cross guarantee noun [C]
(Finance ) a promise made by members of a particular group of companies to pay back the debts of a company in the group if it fails to do so, in order to help the company borrow money: The company's subsidiaries have provided cross guarantees to secure the loan. cross guarantees between subsidiaries A complex system of cross guarantees allowed loss-making companies to continue borrowing from banks.
cross-guarantee verb [+ obj] |
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