- Source: Parent company guarantee
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.
References
Kata Kunci Pencarian:
- Massachusetts Bay Transportation Authority
- Parent company guarantee
- Holding company
- Company
- Loan guarantee
- Hell or high water clause
- Fortum
- PCG
- Corporation Service Company
- Gerrards Cross Tunnel
- Texas two-step bankruptcy
