Letter of comfort: Difference between revisions
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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 constituting a legal obligation to do so. | 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 constituting a legal obligation to do so. | ||
== See also == | |||
* [[Letter of awareness]] | |||
* [[Parent company]] | |||
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[http://www.treasurers.org/lettersofcomfort A Practical Guide to Letters of Comfort, 25 September 2013] | [http://www.treasurers.org/lettersofcomfort A Practical Guide to Letters of Comfort, 25 September 2013] | ||
Revision as of 14:34, 1 October 2013
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 constituting a legal obligation to do so.
See also
