Meaning CONFIDENCE LETTER: Statement by an investment bank that it is highly confident that the financing for its client/acquirer's takeover can and will be obtained. Often used in risk arbitrage
More terms such as Confidence letter in Dictionary C.
- Definition Consolidated Mortgage Bond:
- Examples A bond that covers several units of property, sometimes refinancing mortgages on the properties confidence letter definition.
- Definition Commission Broker:
- Examples A broker on the floor of an exchange who acts as agent for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis confidence letter explain.
- Definition Cram-Down Deal:
- Examples A merger in which stockholders are forced to accept undesirable terms, such as junk bonds instead of cash or equity, due to the absence of any better alternatives confidence letter what is.
- Definition Certificates Of Amortized Revolving Debt (CARD):
- Examples Pass-through securities backed by credit card receivables confidence letter meaning.
- Definition Citizen Bonds:
- Examples Certificateless municipals that can be registered on stock exchanges and are listed in newspapers confidence letter abbreviation.
