0 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
NOVÉ SLOVÁ
European
May 10, 2021
SLOVO DŇA
Shimmer
cross guarantee