letter of commitment

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• letter — let‧ter [ˈletə ǁ ər] noun [countable] 1. a written or printed message that is usually put in an envelope and sent by mail: • Please sign the letter and mail it back within two weeks. alloˈcation ˌletter also alˈlotment ˌletter FINANCE a letter… …   Financial and business terms

• commitment letter — is a letter (also called a letter of offer) in which a lender sets out the terms on which it is prepared to lend money to the lender. It is generally accompanied by a term sheet setting out the terms of the loan. If the letter is then signed by… …   Law dictionary

• letter of offer — commitment letter is a letter (also called a letter of offer) in which a lender sets out the terms on which it is prepared to lend money to the lender. It is generally accompanied by a term sheet setting out the terms of the loan. If the letter… …   Law dictionary

• commitment letter — A legally binding letter in which a lender documents the terms, prerequisites and conditions under which it agrees to provide financing to an applicant. Commitment letters may be used in almost any lending transaction but are most common in… …   Financial and business terms

• equity commitment letter — USA In leveraged buyouts (LBOs) by private equity firms, a letter agreement entered into between the private equity fund and the acquisition vehicle formed to finance the acquisition of a portfolio company. In the equity commitment letter, the… …   Law dictionary

• National Letter of Intent — The National Letter of Intent (NLI) is a document used to indicate a student athlete s commitment to participating NCAA colleges and universities in the United States. The NCAA Eligibility Center manages the daily operations of the NLI program… …   Wikipedia

• debt commitment letter — USA See commitment letter. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

• Kingsbury Commitment — The Kingsbury Commitment of 1913 formalized AT T s monopoly. The Bell System and independent telephone operators reduced competition out of concern for government intervention. The government had been increasingly worried that AT T and the other… …   Wikipedia

• Open Letter to Hobbyists — Bill Gates s Open Letter to Hobbyists from the Homebrew Computer Club Newsletter, January 1976 The Open Letter to Hobbyists was an open letter written by Bill Gates, the co founder of Microsoft, to early personal computer hobbyists, in which… …   Wikipedia

• Clergy Letter Project — The Clergy Letter Project is an project that maintains statements in support of the teaching of evolution and in opposition to the teaching of creationism in public schools and collects signatures in support of the letter from American Christian …   Wikipedia

• Habbush letter — The Habbush letter, or Habbush memo, is a handwritten message dated July 1, 2001, which appeared to show a link between Al Qaeda and Iraq s Saddam Hussein government. It purports to be a direct communication between the head of Iraqi Intelligence …   Wikipedia