| 词汇 | letter-of-comfort |
| 释义 | letter of comfort noun[ C ] ukuspluralletters of comfort(alsocomfort letter) FINANCE a letter from a company that tells a bank that it supports a request for a loan made by one of its subsidiary companies (= one of the companies that it owns): The parent company withdrew its letter of comfort and the funding required to sustain the subsidiary. ACCOUNTING a letter from an accountant about a company that is selling shares for the first time, that states that the information in the company's accounts is correct: The function of the letter of comfort is to reduce the underwriters' liability risk resulting from a misleading prospectus. Examples of letter of comfortletter of comfort Generally, a letterofcomfort is drafted only in vague terms, to avoid creating enforceable contract terms. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The overseas banks usually lend the importer (buyer) based on the letterofcomfort (a bank guarantee) issued by the importer's bank. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The stronger version, the letterofcomfort, indicates the parent organization's intention to support the subsidiary. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. No letterofcomfort has been issued in support of private finance initiative hospital projects. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The employer investment in people programme is directed towards organisations and has not therefore been covered by a letterofcomfort. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Perhaps a letterofcomfort will be provided whenever the foundation hospital receives the assent of the independent regulator to forward business plans. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Since then, we have extended the letterofcomfort to child care, work-related further education and various aspects of the career service. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Finally, are the £70 million worth of bank loans already available included in the £200 million now covered by the letterofcomfort, or are they additional? From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The question of a "letterofcomfort" is under active consideration. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 I should have called it a letterofcomfort, not a letter of confidence. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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