1. A letter the bank sends offering a short term loan. It is not a formal commitment. 2. When a parent firm send a letter to their children firms to support them in time of need. Depending on the language it could be a contractor moral obligation. It is n

More On This Topic

Link to This Definition
Did you find this definition of COMFORT LETTER helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary