Definition of letter of comfort in English:

letter of comfort

Line breaks: let¦ter of com|fort

noun

  • An assurance about a debt, short of a legal guarantee, given to a bank by a third party.
    More example sentences
    • He accessed the financial guarantees through a letter of comfort from Anglo Irish Bank and took a 60 per cent shareholding in Dublin Waterworld.
    • The Bank had a letter of comfort from his solicitors dealing with the compulsory purchase matter.
    • 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.

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Word of the day coloratura
Pronunciation: ˌkɒlərəˈtjʊərə
noun
elaborate ornamentation of a vocal melody