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Simple English definitions for legal terms

cold-comfort letter

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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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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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