Business, Legal & Accounting Glossary
A letter from an investment bank indicating that it is very likely that it will be able to obtain financing for a securities deal, such as a takeover.
You should always make sure that any highly confident letter does not get out to the public or damages may be done.
The other day I was organizing some old mail from the company I work for when I found a highly confident letter from the bank.
The highly confident letter was another form of encouragement towards securing the funds needed to complete the business deal soon.
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This glossary post was last updated: 5th November, 2021 | 0 Views.