| 词汇 | cross-guarantee |
| 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-guaranteedadjective The company is a wholly owned, cross-guaranteed subsidiary of Benson UK plc. |
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