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Comfort letter. A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. [ 1] The comfort letter can be issued by a Certified Public Accountant declaring no indication of false or misleading information in the financial statements and that the company's prospectus follows the ...
The stronger version, the letter of comfort, indicates the parent organization's intention to support the subsidiary. [5] In the United States, there is a general presumption against the enforceability of letters of comfort. However, depending on the wording of the document, there may be legal liability under the rule of reliance. [6]
Proof of funds. A proof of funds ( POF) is a document such as a bank statement proving that a person or a company has the financial ability to perform a transaction or meet a potential future liability. The POF can be issued by a bank, a financial institution or a trade finance provider. For instance, a POF is generally obligatory for people ...
A financial aid appeal letter is a written request asking your school to increase the size of your aid package when it’s not enough to cover your costs of attendance. Writing a letter to appeal ...
General Motors Financial Company, Inc. is the financial services arm of General Motors. The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and ...
Financial assistance (share purchase), assistance given by a company for the purchase of its shares or those of its holding companies. Funding of science, the provision of financing for scientific research projects. Welfare, financial aid primarily by governmental institutions or charitable organizations to individuals in need. Subsidy. Student ...
Albert L. Ortega/Getty Images; Presley Ann/WireImage Investigation Discovery’s docuseries on Nickelodeon unsealed the letters of support dialogue coach Brian Peck received after being arrested ...
e. Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in the pursuit of post-secondary education. Financial aid is available from federal and state governments ...
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