| 词条 | Parent company guarantee |
| 释义 | A parent company guarantee (PCG) is a guarantee by a parent company of a contractor’s performance under its contract with its client, where the contractor is a subsidiary of the parent company. It is mandatory for all the companies to mention about the guarantees granted as a note in their accounts because it is a risk for the company.The parent/holding company can refuse to renew the guarantee. {{DEFAULTSORT:Parent Company Guarantee}}{{Business-term-stub}} 2 : Contract clauses|Contract law |
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