单词 | letter of comfort |
释义 | > as lemmasletter of comfort letter of comfort n. Finance a document providing assurance about a debt, short of a legal guarantee, given to the debtor's creditor by a third party. ΚΠ 1974 Wall St. Jrnl. 6 Dec. 17/5 We have never guaranteed Ervin's debt or signed letters of comfort or anything of that sort. 1992 S. Logie Winging It i. 24 ITC said it would guarantee the line of credit with Canadair's bankers by a letter of comfort signed by the minister. 2005 Managem. Today Dec. 25/3 The bankers agreed to put up the funds only when they were provided with ‘letters of comfort’ making it clear that if the companies involved could not pay the banks, the Government would make sure that they got their cash. < as lemmas |
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