A keepwell agreement is a contract that a parent company will keep a subsidiary solvent.[1][2][3]

References

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  1. ^ Watts, William. "Evergrande fears send stock market tumbling: Here's what investors need to know about the China property giant". MarketWatch.
  2. ^ "The Truth About Keepwell Agreements". Investopedia.
  3. ^ "Keepwell Agreement". Corporate Finance Institute.