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comfort letter

American  

noun

  1. an informal statement assuring the financial soundness or backing of a company.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

"It has come to our notice that there may well have been at least one letter, a comfort letter if we call them that, that has been issued wrongly in Northern Ireland," he said.

From BBC • Mar. 6, 2014