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bring-down comfort letter
bring-down comfort letter definition - finance
A letter that updates the comfort letter issued prior to closing an initial public
offering. The bring-down comfort letter reconfirms the assurances given in the
comfort letter that the accountants are comfortable that the unaudited
financial data in the companyÂ’s prospectus follows generally accepted
accounting principles. The bring-down comfort letter also says that no material
changes have occurred since the financial reports were prepared.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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