Glossary entry (derived from question below)
English term or phrase:
comfort letter
Finnish translation:
tukikirje
May 13, 2009 13:31
15 yrs ago
English term
comfort letter
GBK
English to Finnish
Law/Patents
Law: Contract(s)
Definition from
www.businessballs.com:
Document issued to back up an agreement but which does not have any contractual standing. They are often issued by a parent or associate company stating that the group will back up the position of a small company to improve its trading position. They always state that they are not intended to be legally binding. Also known as letters of comfort.
Example sentences:
You should never give that comfort letter to a seller until after you sign the contract. Why not? If, for example, you are negotiating the sales price, and the seller learns from the comfort letter that you can qualify for a higher purchase price than you are offering, the seller may not be so inclined to negotiate the sales price down. (Realty Times)
The appellants duly provided the comfort letter from their bank in the time specified and on 25 March the respondents confirmed that, subject to contract, they agreed to the sale of the property and the shares in the company to the appellants for £2m. (Academic Answers )
The presentation of a Full Corporate Offer (FCO) is always contingent to the presentation of the Buyer’s Letter of Intent (LOI) containing full banking coordinates and explicit authorization for soft probe. In addition the Buyer must present the Bank Comfort Letter (BCL). (Four Seasons Asia Pacific Ltd.)
Proposed translations
(Finnish)
| 4 +2 | tukikirje |
Jussi Rosti
|
| 4 | hallinnollinen kirje |
Riku Pepponen
|
Change log
May 13, 2009 13:26: changed "Kudoz queue" from "In queue" to "Public"
May 13, 2009 13:31: Enrique Cavalitto changed "Stage" from "Preparation" to "Submission"
May 16, 2009 13:55: changed "Stage" from "Submission" to "Selection"
Jun 12, 2009 14:54: changed "Stage" from "Selection" to "Completion"
Proposed translations
+2
1 hr
Jussi Rosti
Finland
Finland
Finland
TR+REV: Finance / Business / GDPR / AI
Native in: Finnish 
Works in: English to Finnish, Polish to Finnish
Related KudoZ points
:
35
Selected
tukikirje
Definition from
Helsingin yliopisto, oikeust. tdk:
Tukikirje (letter of comfort) on velkojalle vakuustarkoituksessa annettu asiakirja, jossa kirjeen antaja vakuuttaa tukevansa velallista. Usein dokumentti luovutetaan velkojalle takaussitoumuksen asemesta. Asiakirjan luovuttaja on tyypillisesti velallisyhtiön emoyhtiö.
Example sentences:
Tukikirje on yleensä kirjeen antajan ja velkojan vastakkaisten intressien lopputulos. (Helsingin yliopisto, oikeustiet. tdk)
4 KudoZ points awarded for this answer.
30 days
Riku Pepponen
Finland
Finland
Finland
SISU Translations Oy
Native in: Finnish 
Works in: English to Finnish, Finnish to English
hallinnollinen kirje
Definition from
Kilpailuvirasto:
Letter of comfort = tukikirje<br />Comfort letter = Hallinnollinen kirje
Example sentences:
Hallinnollinen kirje ei kuitenkaan ole esteenä poikkeusluvan myöntämiselle vain kahdeksi vuodeksi, koska hallinnollisen kirjeen muodossa tehdyllä... (Finnish Competition Authority)
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