LDI and Letter of comfort: Difference between pages
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A formal letter written to a lender, normally by a parent company, indicating a willingness by the parent to accept some responsibility to honour the borrowing obligations of, or to otherwise support, a subsidiary or associated company, but without necessarily consituting a legal obligation to do so. | |||
== See also == | |||
* [[Letter of awareness]] | |||
* [[Parent company]] | |||
Revision as of 14:19, 23 October 2012
A formal letter written to a lender, normally by a parent company, indicating a willingness by the parent to accept some responsibility to honour the borrowing obligations of, or to otherwise support, a subsidiary or associated company, but without necessarily consituting a legal obligation to do so.
See also
