What is the meaning of Highly Confident Letter?

Highly Confident Letter is a letter from an investment bank indicating that it is highly confident that it will be able to raise financing for a transaction, but without legally obligating itself to do so.

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APABarry Goldsmith. (2010). Highly Confident Letter. Retrieved September 27, 2026, from http://smartdefine.org/highly_confident_letter/definitions/1155424
ChicagoBarry Goldsmith. 2010. "Highly Confident Letter" http://smartdefine.org/highly_confident_letter/definitions/1155424 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, Highly Confident Letter, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/highly_confident_letter/definitions/1155424>.
MLABarry Goldsmith. "Highly Confident Letter" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/highly_confident_letter/definitions/1155424>