BRING-DOWN COMFORT LETTER
\bɹˈɪŋdˌa͡ʊn kˈʌmfət lˈɛtə], \bɹˈɪŋdˌaʊn kˈʌmfət lˈɛtə], \b_ɹ_ˈɪ_ŋ_d_ˌaʊ_n k_ˈʌ_m_f_ə_t l_ˈɛ_t_ə]\
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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.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"
Nearby Words
- bring to
- bring to bear
- bring together
- bring up
- bring x to its knees
- BRING-DOWN COMFORT LETTER
- bringer
- bringing
- bringing close together
- bringing money into court
- bringing up