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单词 letter of comfort
释义
letter of comfort
noun[C]
uk
us
pluralletters of comfort(alsocomfort letter)
FINANCE
aletterfrom acompanythattellsabankthat itsupportsarequestfor aloanmade by one ofitssubsidiarycompanies(= one of thecompaniesthat itowns):
Theparentcompanywithdrewitsletterofcomfortand thefundingrequiredtosustainthesubsidiary.
ACCOUNTING
aletterfrom anaccountantabout acompanythat issellingsharesfor the firsttime, thatstatesthat theinformationin the company'saccountsiscorrect:
Thefunctionof theletterofcomfortis toreducethe underwriters'liabilityriskresultingfrom amisleadingprospectus.
(Definition ofletter of comfortfrom theCambridge Business English Dictionary© Cambridge University Press)

Examplesofletter of comfort

letter of comfort
Generally, aletterofcomfortis drafted only in vague terms, to avoid creating enforceable contract terms.
From
Wikipedia
Creatives commons iconThis example is from Wikipedia and may be reused under a CC BY-SA license.
The overseas banks usually lend the importer (buyer) based on theletterofcomfort(a bank guarantee) issued by the importer's bank.
From
Wikipedia
Creatives commons iconThis example is from Wikipedia and may be reused under a CC BY-SA license.
The stronger version, theletterofcomfort, indicates the parent organization's intention to support the subsidiary.
From
Wikipedia
Creatives commons iconThis example is from Wikipedia and may be reused under a CC BY-SA license.
Noletterofcomforthas been issued in support of private finance initiative hospital projects.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The employer investment in people programme is directed towards organisations and has not therefore been covered by aletterofcomfort.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Perhaps aletterofcomfortwill be provided whenever the foundation hospital receives the assent of the independent regulator to forward business plans.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Since then, we have extended theletterofcomfortto child care, work-related further education and various aspects of the career service.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Finally, are the £70 million worth of bank loans already available included in the £200 million now covered by theletterofcomfort, or are they additional?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The question of a "letterofcomfort" is under active consideration.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
I should have called it aletterofcomfort, not a letter of confidence.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
#https://dictionary.cambridge.org//dictionary/english/letter-of-comfort##
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更新时间：2024/12/27 20:56:37