LETTER OF AWARENESS Definition

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LETTER OF AWARENESS is a formal letter written to a lender, normally by a parent company, acknowledging its relationship with another group company and its awareness of a loan being made to that company. It is the weakest form of comfort letter. Such letters do not constitute a guarantee, but may nevertheless involve a significant moral commitment on the part of the writer.

Learn new Accounting Terms

EXPORT DECLARATION is the official paperwork required of exporters so trade transactions and goods can be tracked.

CONTINUOUS INVENTORY see PERPETUAL INVENTORY.

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