letter of comfort betydelse and definition

Betydelse av letter of comfort på svenska

• 0 a letter from a company that tells a bank that it supports a request for a loan made by one of its subsidiary companies (= one of the companies that it owns):

  • The parent company withdrew its letter of comfort and the funding required to sustain the subsidiary.

• 1 a letter from an accountant about a company that is selling shares for the first time, that states that the information in the company's accounts is correct:

  • The function of the letter of comfort is to reduce the underwriters' liability risk resulting from a misleading prospectus.