comfort letter

noun

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

Example Sentences

"We will do what's needed to make clear to every commercial player that they are allowed to buy Russian food and fertilizer," he told reporters, adding that so far Washington only had to had to issue one so-called comfort letter to make clear a transaction was allowed.

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The court says Etihad had been supporting Air Berlin and sent a so-called “comfort letter” in April 2017 assuring its continued backing for 18 months.

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This came in the form of a ruling from Luxembourg’s tax authority, known as a “comfort letter”.

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At issue is Luxembourg’s “comfort letter” to Amazon in 2003 that introduced an effective cap on the retailer’s profits that can be taxed in Luxembourg, an upper limit Brussels sees as unorthodox.

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The unsolicited proposal contained a comfort letter from financing sources, however it did not have fully committed financing and was subject to other conditions.

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