Definitions of comfort letter
a letter from a parent company to a lender confirming its awareness and approval of the loan to one of its subsidiaries
The comfort letter will support the application but not act as a guarantee for the loan.
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Substantiv
partial
noun
a letter from a parent company to a lender confirming its awareness and approval of the loan to one of its subsidiaries
The comfort letter will support the application but not act as a guarantee for the loan.