Confidence letter

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.
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References in periodicals archive ?
He warned MPs against submitting no confidence letter, saying: "It's a total distraction from what we need to do, we need to get Brexit over the line, we need to support our Prime Minister.
But he warned MPs against submitting no confidence letters, saying: "It's a total distraction from what we need to do, we need to get Brexit over the line, we need to support our PM.
He warned MPs against submitting no confidence letters to Sir Graham Brady, chairman of the backbench 1922 Committee, saying: "It's a total distraction from what we need to do, we need to get Brexit over the line, we need to support our PM.
Theresa May's critics have also warned she could reach the 48 no confidence letters needed to trigger a Tory leadership contest as soon as today.