The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

BRING-DOWN COMFORT LETTER Definition & Legal Meaning

Definition & Citations:

Before or during a new issue, a statement by an auditor that a comfort letter previously published is still valid. A comfort letter is a statement indicating that, while a full audit has not been done, a review of the issue’s prospectus has revealed nothing inaccurate or misleading. The bring-down comfort letter indicates the previous comfort letter is still valid.

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