Share this entry

letter of comfort Line breaks: let¦ter of com|fort

Definition of letter of comfort in English:


An assurance about a debt, short of a legal guarantee, given to a bank by a third party.
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.

Share this entry


What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day haughty
Pronunciation: ˈhɔːti
arrogantly superior and disdainful