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Simple English definitions for legal terms

letter of comfort

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A quick definition of letter of comfort:

A letter of comfort is a type of letter that can be used in two different situations. In the world of finance, it is a letter from a certified public accountant that confirms that the financial statement accompanying a securities offering is accurate and truthful. However, this type of letter is limited in its effect because the CPA can only attest to certain representations and warranties that the issuer has authorized them to rely on. In the corporate world, a letter of comfort is a letter, usually from a parent corporation on behalf of a subsidiary, that expresses support for the activities and commitments of another corporation. It is important to note that this type of letter is not a guarantee, but rather a statement of support.

A more thorough explanation:

A letter of comfort is a document that provides assurance or support to another party. There are two common types of letters of comfort:

A comfort letter is a letter from a certified public accountant (CPA) that certifies that no false or misleading information has been used in preparing a financial statement that accompanies a securities offering. This letter is usually limited in its effect because the CPA only attests to certain representations and warranties that the issuer has authorized the CPA to rely on. It is also known as a cold-comfort letter.

Example: A company is preparing to issue securities and hires a CPA to review their financial statements. The CPA provides a comfort letter to the company, which is included in the securities offering to provide assurance to potential investors that the financial statements are accurate and reliable.

A letter of comfort is a letter, usually from a parent corporation on behalf of a subsidiary, that provides support (but not a guarantee) for the activities and commitments of another corporation.

Example: A subsidiary company is seeking a loan from a bank, but the bank is hesitant to lend because the subsidiary has a limited operating history. The parent company provides a letter of comfort to the bank, stating that they support the subsidiary's activities and commitments. This letter provides assurance to the bank that the subsidiary has the backing of a larger, more established company.

These examples illustrate how letters of comfort can provide assurance and support to parties involved in financial transactions.

letter of attornment | letter of comment

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@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
All good points
triplethread
11:34
@TheAdoptedOne: amazing
I almost did one for Vanderbilt and my idea was to do a documentary-style vid where I and others talked about me like it was an ESPN 30 for 30.
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