comfort letter
21letter of comfort — A letter to a bank from the parent company of a subsidiary that is trying to borrow money from the bank. The letter gives no guarantee for the repayment of the projected loan but offers the bank the comfort of knowing that the subsidiary has made …
22letter of comfort — 1) A letter to a bank from the parent company of a subsidiary that is trying to borrow money from the bank. The letter gives no guarantee for the repayment of the projected loan but offers the bank the comfort of knowing that the subsidiary has… …
23Letter Of Comfort — A letter issued to a lending institution by a parent company acknowledging the approval of a subsidiary company s attempt for financing. The letter of comfort in no way guarantees the loans approval for the subsidiary company. It merely gives… …
24letter — n. & v. n. 1 a a character representing one or more of the simple or compound sounds used in speech, any of the alphabetic symbols. b (in pl.) colloq. the initials of a degree etc. after the holder s name. c US a school or college initial as a… …
25letter of comfort — noun <! possibly UK and AU only here 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… …
26letter of awareness — A formal letter written by a parent company to a lender, acknowledging its relationship with another group company and its awareness of a loan being made to that company. It is the weakest form of a letter of comfort …
27Comfort, Alex — (1920 2000) Physician and physicist, he is best known for his popular Joy of Sex books and his work on aging. Educated at home by his parents in London, he nearly killed himself at age 14 while constructing a bomb. He went on to Trinity… …
28letter of comfort — /ˌletər əv kʌmfət/ noun a letter supporting someone who is trying to get a loan …
29letter of comfort — noun an assurance about a debt, short of a legal guarantee, given to a bank by a third party …
30Alex Comfort — Alexander Comfort, MB BChir, PhD, DSc (10 February 1920 – 26 March 2000) was a medical professional, gerontologist, anarchist, pacifist, conscientious objector and writer, best known for The Joy of Sex, which played a part in what is often… …
