Definition of Letter of comfort

1. Noun. (finance) A type of letter popular in the 1980s addressed to a lender giving some type of reassurance about the position of a borrower (or prospective borrower). Such a letter is written by someone substantial such as a parent company or major shareholder, but is not a guarantee and usually not even a legally enforceable undertaking (making it in practice almost worthless, yet lenders at various times have found such letters comforting). ¹

¹ Source: wiktionary.com

Lexicographical Neighbors of Letter Of Comfort

letter-perfect
letter-quality
letter agreement
letter art
letter blindness
letter bomb
letter bombs
letter bond
letter box
letter carrier
letter carriers
letter case
letter grade
letter grades
letter of attorney
letter of comfort (current term)
letter of credit
letter of intent
letter of mark and reprisal
letter of marque
letter of recommendation
letter of relaxation
letter of the alphabet
letter of the law
letter opener
letter openers
letter paper
letter patent
letter security
letter stock

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