cross guarantees
A bank lending to a group of companies is likely to want each company in the group to guarantee the indebtedness of each of the other companies. The bank can then treat the group as a single debtor.

Easyform Glossary of Law Terms. — UK law terms.

Look at other dictionaries:

  • Cross-platform support middleware — A Cross Platform Support Middleware (CPSM) is a software abstraction layer that guarantees the existence, and correct implementation, of a set of services on top a set of platforms.[1] Contents 1 Formal Model 2 Trivial CPSM 3 Non trivia …   Wikipedia

  • Cross generation ship — A cross generation ship is a variant of a generation ship that takes into account obstacles that slower than light generation ships might have. The major foreseeable obstacles of a generation ship are that: It would take an enormous amount of… …   Wikipedia

  • Charles Wilson Cross — For other uses, see Charles Cross (disambiguation). Charles Wilson Cross Member of the Canadian House of Commons In office October 29, 1925 – Septembe …   Wikipedia

  • International Committee of the Red Cross — ICRC redirects here. For other uses, see ICRC (disambiguation). The International Committee of the Red Cross (ICRC) is a private humanitarian institution based in Geneva, Switzerland. The community of states has given the ICRC a unique role,… …   Wikipedia

  • International Red Cross and Red Crescent Movement — Red Cross redirects here. For other uses, see Red Cross (disambiguation). Ibrahim Foundation The Red Cross and Red Crescent emblems, the symbols from which the movement derives its name. Founded 1863 Location Gen …   Wikipedia

  • Canons Regular of the Order of the Holy Cross — The Canons Regular of the Order of the Holy Cross, commonly called Crosiers, are a Roman Catholic religious order. A group of Crosiers with their Master General, Willem van Hees (on the right), in front of their former monastery in Fort Wayne,… …   Wikipedia

  • Pattern day trader — is a term defined by the U.S. Securities and Exchange Commission to describe a stock market trader who executes 4 (or more) day trades in 5 business days in a margin account, provided the number of day trades are more than six percent of the… …   Wikipedia

  • FINCA International — Infobox Company company name = FINCA International company company type = Nonprofit Organization foundation = 1984 location = flagicon|USA Washington, DC origins = key people = John Hatch area served = industry = products = Financial Services… …   Wikipedia

  • Village Banking — is a microcredit methodology developed by FINCA International founder John Hatch. Among US based non profit agencies there are at least 31 microfinance institutions (MFIs) that have collectively created over 400 village banking programs in at… …   Wikipedia

  • group of companies — A group of companies consists of two or more companies in common ownership usually consisting of a holding or parent company and its subsidiaries, direct or indirect. Each company is a separate legal entity and not normally liable for its fellow… …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”