special purpose vehicle

listen to the pronunciation of special purpose vehicle
English - Turkish
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English - English
(Finans) A special purpose entity (SPE; or, especially in Europe, special purpose vehicle/SPV, in Ireland – FVC financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives. SPEs are typically used by companies to isolate the firm from financial risk. A company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk. SPEs are also commonly used in complex financings to separate different layers of equity infusion. In addition, they are commonly used to own a single asset and associated permits and contract rights (such as an apartment building or a power plant), to allow for easier transfer of that asset. Moreover, they are an integral part of public private partnerships common throughout Europe which rely on a project finance type structure
transportation vehicle designed to fulfill a specific purpose
special purpose vehicle

    Hyphenation

    spe·cial pur·pose ve·hi·cle

    Turkish pronunciation

    speşıl pırpıs vihîkıl

    Pronunciation

    /ˈspesʜəl ˈpərpəs ˈvēhəkəl/ /ˈspɛʃəl ˈpɜrpəs ˈviːhɪkəl/
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