English version

comfort letter

From Longman Business Dictionary
Related topics: Finance
comfort letterˈcomfort ˌletter FINANCE a letter from a company to a bank in support of a SUBSIDIARY of the company that is asking for a loan SYN LETTER OF COMFORTA parent company will give, if not a formal guarantee, then a comfort letter relating to its subsidiary’s indebtedness to banks and others. letter
Pictures of the day
What are these?
Click on the pictures to check.