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LSDefine

Simple English definitions for legal terms

cold-comfort letter

Read a random definition: declaration of estimated tax

A quick definition of cold-comfort letter:

A cold-comfort letter is a type of letter that is used in the world of finance and business. There are two types of comfort letters. The first type is used in securities offerings and is written by a certified public accountant. This letter certifies that the financial statement accompanying the securities offering does not contain any false or misleading information. However, this letter has limited effect because the CPA only attests to certain representations and warranties that the issuer has authorized the CPA to rely on. The second type of comfort letter is used in corporations and is a letter of support (but not a guarantee) from a parent corporation on behalf of a subsidiary.

A more thorough explanation:

A cold-comfort letter is a type of comfort letter. In the context of securities, it is a letter from a certified public accountant (CPA) that certifies that the financial statement accompanying a securities offering does not contain any false or misleading information. However, the letter usually has limited effect because the CPA only attests to certain representations and warranties that the issuer has authorized the CPA to rely on.

For example, if a company is issuing stocks to the public, they may include a financial statement in the offering documents. To assure potential investors that the financial statement is accurate, the company may ask a CPA to provide a cold-comfort letter.

In the context of corporations, a cold-comfort letter is a letter of support (but not a guarantee) from a parent corporation on behalf of a subsidiary. The letter states that the parent corporation supports the activities and commitments of the subsidiary.

For example, if a subsidiary of a corporation is entering into a new business venture, the parent corporation may provide a cold-comfort letter to assure potential partners or investors that they support the subsidiary's activities.

cold check | cold-water ordeal

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GodsPlanUltimately
14:59
There is still hope!
14:59
and NYU/CLS didnt come thru today
14:59
wave in one minute? jk but imagine
lil that would be cute yes also how tf am i out of messahes?!?!? (me after def sending over 15 messages) bruh i guess ill ttyguys later....also thank u god i like complainign about the cold,, i am v cold rn theres no hearing here,, chowie YES WAVE IN 1 MIN THEN IN 15 MIN
atwatodbit
15:00
has anyone who got into Penn today gotten login info or scholly information?
texaslawhopefully
15:00
thank you splitter and snow :)
lilypadfrog
15:00
@renard99: i was hoping you would say that
cumsock
15:00
Tex u dropped this 👑
GodsPlanUltimately
15:00
@cumsock: I second this statement
15:01
no emails
15:01
thirded
GodsPlanUltimately
15:03
Finding scholarships make me sad :c
15:04
who would win lsd hunger games
lilypadfrog
15:04
i still have cramps and no decisions
snow
15:04
bulb
15:05
what if i dropped a berk today eyes emoji just for funsies
JeremyFragrance
15:05
penn waitlist
15:05
berk today eyes emoji
JeremyFragrance
15:05
berk is my only hope now
JeremyFragrance
15:05
let's get it eggan
I yhink me and cumsuck would win also out of messages again
is anyone a thanksgiving applicant? have u heard anything from ANYwhere lol
GodsPlanUltimately
15:06
I applied a bit before Thanksgiving and hear back in December right before New Years
GodsPlanUltimately
15:06
And by that I mean literally on New Years
jackfrost11770
15:06
I would win I think like seriously and I'm not joking I think I would survived a zombie apocalypse. Not the last of us ones tho those mfers would kill me in an instant
GodsPlanUltimately
15:07
Bro if I'm in the 50th percentile why'd you give me money like someone under the 25th :C
GodsPlanUltimately
15:07
@jackfrost11770: In 6th grade I had intense fears of the zombie apocalypse because living in the sticks meant you saw no one on the way to school lol
lilypadfrog
15:08
sitting in my cubicle licking the candy coating off an advil
[] AromaticTroubledDormouse
15:09
so far i'm A at 3 schools, WL at 6, and R at 3. Waiting on 8. This cycle is maddening
15:10
tough times at wannabealawyer dot com
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