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单词 Letter Of Comfort
释义

Letter Of Comfort
A letter issued to a lending institution by a parent company acknowledging the approval of a subsidiary company's attempt for financing.

Investopedia Says:
The 'letter of comfort' in no way guarantees the loans approval for the subsidiary company. It merely gives reassurance to the lending institution that the parent company is aware and approves of the situation.

Related Terms:
Bank
Creditor
Interest
Loan

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更新时间:2025/4/16 6:01:22