- keepwell
- A guarantee by a holding company that it will maintain financial backing for a subsidiary for a stated period. The usual purpose is to enhance the creditworthiness of the subsidiary.
Big dictionary of business and management. 2014.
keepwell
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Keepwell Agreement — A contract between a parent company and its subsidiary to maintain solvency and financial backing throughout the term set in the agreement. This is a method by which subsidiary companies may increase the creditworthiness of debt instruments and… … Investment dictionary
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