Comfort Opinion
/ˈkʌmfərt əˈpɪnjən/
Definitions
- (n.) A formal letter issued by a law firm or auditor providing assurance about the accuracy or reliability of certain facts or statements, often in connection with securities offerings and financings.
The underwriter requested a comfort opinion from the issuer’s auditor before proceeding with the bond offering.
Forms
- comfort opinion
- comfort opinions
Related terms
See also
Commentary
Comfort opinions primarily address the veracity of financial or factual disclosures, serving to reduce risk for parties relying on those disclosures in a transaction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.