Letter of Comfort

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Letter of Comfort

1. Before or during a new issue, a statement by an auditor stating that, while a full audit has not been done, a review of the issue's prospectus has revealed nothing inaccurate or misleading. The letter of comfort also states that the auditor is confident that a full audit would not uncover anything unusual that would negatively affect the issue.

2. A letter that a parent company submits to a bank on behalf of a subsidiary. When the subsidiary is applying to borrow funds from the bank, the letter of comfort states that the parent company approves of and supports the application.
References in periodicals archive ?
Surely we should know if letters of comfort were given to the bombers of Birmingham as part of the good Friday peace agreement?
Around 200 of these so-called letters of comfort were sent to republicans following requests from Sinn Fein.
Defending the controversial letters of comfort, Mr Blair said they were critical at a time when he believed the peace process had irrevocably collapsed - just months before power was handed back to the region's Executive.
This liquidity detection can inter alia be guided by equity evidence, by proof of earmarked reserves, letters of comfort through hard / guarantee statements of third parties or by performance guarantees from banks.
Mrs Maryon Jones, Arberth, Dolgellau, together with her sons Dylan and Dewi and other members of the family wish to acknowledge gratefully the many indications of sympathy extended to them, be it through cards and letters of comfort, or the kind words and acts of kindness expressed on the death of her husband David (Dei) on the 27th of January.
Chipperfield now sends letters of comfort to the sick and housebound and messages of encouragement to those who've recently moved from the parish, wishing them well in their new abodes.
She did not provide letters of comfort to any wineries, and she paid existing investors with money from new investors under the guise of investment fees.
WALKER John Richard Marie and family would like to thank all family, friends and neighbours for their kindness, prayers and cards and letters of comfort at this sad time, also for the kind donations to the Heart and Cancer Funds and to the doctors and nursing staff of James Cook University Hos- pitafor their care of John.
When a child died she would often write letters of comfort to parents - letters much cherished, since they knew she shared their grief.
Mr Blair began the peace process scheme in 2000 which saw 95 of the so-called letters of comfort issued by the Government to suspects linked by intelligence to almost 300 murders.
Although not having a formal government guarantee, Standard & Poor's believes there is a very strong degree of systemic government support for health and hospital services, reflected by the issuing of shareholders' letters of comfort and letters of undertaking, a history of shareholder equity injections, the refinancing option from the government's Residual Health Management Unit, and an extensive and rigorous shareholder monitoring regime.
The OTR scheme started in 2000 and saw around 95 of the letters of comfort issued by the Government to suspects linked to almost 300 murders.