comfort letter
noun
  1. in the United States, an accountant's statement confirming that the unaudited financial information in a prospectus follows GAAP

  2. a letter from a parent company to a lender assuring the lender that a subsidiary company that has applied for a loan will be supported by the parent in its efforts to stay in business

Browse by Subjects
additional premium
final demand
Australian Dollar (AU $)
consumer sentiment
inter company dealings