![Upstream Guarantee](https://img-cdn.financeunlocked.com/headers-images/euromoney/3.jpg?ik-sdk-version=javascript-1.0.3)
Glossary
Macro & Markets
Upstream Guarantee
An upstream guarantee, in the context of debt, is a debt guarantee provided by a subsidiary to a parent company. These can be useful where the parent or non-operating entities lack collateral to put up against debt issuance.