Glossary entry (derived from question below)
English term or phrase:
comfort letter
Albanian translation:
letër mbështetjeje, mbështetëse
Nov 28, 2009 08:54
14 yrs ago
1 viewer *
English term
comfort letter
GBK
English to Albanian
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
(Albanian)
| 4 +2 | letër mbështetjeje, mbështetëse |
Albana Dhimitri
|
Change log
Nov 27, 2009 12:50: changed "Kudoz queue" from "In queue" to "Public"
Nov 28, 2009 08:54: changed "Stage" from "Preparation" to "Submission"
Dec 1, 2009 09:56: changed "Stage" from "Submission" to "Selection"
Jan 8, 2010 21:54: changed "Stage" from "Selection" to "Completion"
Proposed translations
+2
5 days
Albana Dhimitri
Greece
Greece
Greece
IT, Engineering/Technical, Medical, Law
Native in: Albanian 
, Greek
Works in: Greek to Albanian, Albanian to Greek, English to Greek, and 3 more.
Related KudoZ points
:
4
Selected
letër mbështetjeje, mbështetëse
Definition from
own experience or research:
Letra mbështetëse/e mbështetjes është një dokument i lëshuar prej ndërmarrjesh (bashkëpunëtore) partnere, ose prej një banke, në mbështetje të një ndërmarrjeje që interesohet të lidhë një kontratë të ardhshme. Letra i drejtohet palës tjetër pjesëmarrëse në kontratë dhe i shërben forcimit të besueshmërisë dhe sigurisë së tyre për seriozitetin dhe gjendjen financiare-ekonomike të ndërmarrjes në fjalë. Por, ajo ka vetëm vlerë morale dhe jo ligjore. Pra, partnerët nuk mund të vihen para përgjegjësisë ligjore, në rast vërtetimi të paaftësisë së kësaj ndërmarrjeje në të ardhmen për të përmbushur (dhe për t'ju përgjigjur) kushteve të kontratës.
Example sentences:
LETER MBESHTETJEJE (albcomport.com)
4 KudoZ points awarded for this answer.
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