Definition of letter of comfort in English:

letter of comfort

noun

An assurance about a debt, short of a legal guarantee, given to a bank by a third party.
Example sentencesExamples
- I doubt whether Mr Martin's client could sue on a statement by a director in an affidavit, whereas he or other financiers perhaps would be able to sue on a letter of comfort.
- In the case of CIE, there is a pressing need to deal with the concerns of workers about letters of comfort they received some years ago regarding their security of employment if there was a major change in the structure of the group.
- A subsequent letter of comfort, issued by Burke on February 4, 1991 came from the minister's private office.
- These include sending letters of comfort to applicants telling them that they had been approved for grant aid but must wait until the money is drawn down from Brussels.
- The following is taken from a letter of comfort to a Bahai many years ago.
- In that case there was contribution ordered between two parties who had each given some sort of letter of comfort.
- Tilney said BR, which has been operating under financial constraints for many years, suffered another blow in 2002 when Sail withdrew its letter of comfort to the bank.
- He accessed the financial guarantees through a letter of comfort from Anglo Irish Bank and took a 60 per cent shareholding in Dublin Waterworld.
- A story in Magill magazine disclosed details about the cheque made out for cash to Burke, and the subsequent letter of comfort.
- Similarly, letters of comfort may be either binding contracts or informal and uncertain assurances resting entirely upon business goodwill.
- The Bank had a letter of comfort from his solicitors dealing with the compulsory purchase matter.
- On the one hand, bank regulators may seek letters of comfort from substantial shareholders.

单词	letter of comfort
释义	Definition of letter of comfort in English: letter of comfort noun An assurance about a debt, short of a legal guarantee, given to a bank by a third party. Example sentencesExamples I doubt whether Mr Martin's client could sue on a statement by a director in an affidavit, whereas he or other financiers perhaps would be able to sue on a letter of comfort. In the case of CIE, there is a pressing need to deal with the concerns of workers about letters of comfort they received some years ago regarding their security of employment if there was a major change in the structure of the group. A subsequent letter of comfort, issued by Burke on February 4, 1991 came from the minister's private office. These include sending letters of comfort to applicants telling them that they had been approved for grant aid but must wait until the money is drawn down from Brussels. The following is taken from a letter of comfort to a Bahai many years ago. In that case there was contribution ordered between two parties who had each given some sort of letter of comfort. Tilney said BR, which has been operating under financial constraints for many years, suffered another blow in 2002 when Sail withdrew its letter of comfort to the bank. He accessed the financial guarantees through a letter of comfort from Anglo Irish Bank and took a 60 per cent shareholding in Dublin Waterworld. A story in Magill magazine disclosed details about the cheque made out for cash to Burke, and the subsequent letter of comfort. Similarly, letters of comfort may be either binding contracts or informal and uncertain assurances resting entirely upon business goodwill. The Bank had a letter of comfort from his solicitors dealing with the compulsory purchase matter. On the one hand, bank regulators may seek letters of comfort from substantial shareholders.
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