highly confident letter

Definition

A letter from an investment bank indicating that it is very likely that it will be able to obtain financing for a securities deal, such as a takeover.

Use this term in a sentence

You should always make sure that any highly confident letter does not get out to the public or damages may be done.

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The other day I was organizing some old mail from the company I work for when I found a highly confident letter from the bank.

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The highly confident letter was another form of encouragement towards securing the funds needed to complete the business deal soon.

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