COMFORT LETTER

comfort letter. 1.Securities. A letter from a certified public accountant certifying that no false or misleading information has been used in preparing a financial statement accompanying a securities offering. • Such a letter usu. has limited effect because the CPA ordinarily attests to certain representations and warranties that the issuer has authorized the CPA to rely on. — Also termed cold-comfort letter. 2.Corporations. A letter, esp. from a parent corporation on behalf of a subsidiary, stating its support (but short of a guarantee) for the activities and com-mitments of another corporation. — Also termed letter of comfort. [Blacks Law 8th]