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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
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