释义 |
cross guarantee noun[ C ] ukus FINANCE a promise made by a number of companies in a group that a loan to one of the companies will be paid back, if that company cannot pay back the loan itself: Although some of the company's debt has a cross guarantee from its partner, both companies are probably worth less than the debt they support. a cross-guarantee agreement
cross-guaranteed adjective The company is a wholly owned, cross-guaranteed subsidiary of Benson UK plc. |