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 Current Income:
- Examples Money that is routinely received from investments in the form of dividends, interest, and other income sources confidence letter definition.
- Definition Chinese Wall:
- Examples Communication barrier between financiers at a firm (investment bankers) and traders. This barrier is erected to prevent the sharing of inside information that bankers are likely to have confidence letter explain.
- Definition Contagion:
- Examples of equity or bond returns. For example, under usual conditions we might observe a certain level of correlation of market returns. A period of contagion would be associated with much higher-than confidence letter what is.
- Definition Capital Surplus:
- Examples Amounts of directly contributed equity capital in excess of the par value confidence letter meaning.
- Definition Canadian Dealing Network (CDN):
- Examples The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991 confidence letter abbreviation.
