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A judge is a law student who marks his own examination papers.
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Legal Definitions - special-purpose vehicle
The end of law is not to abolish or restrain, but to preserve and enlarge freedom.
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Definition of special-purpose vehicle
SPECIAL-PURPOSE VEHICLE
A special-purpose vehicle is a type of company that is created for a specific purpose, such as to hold assets or manage a project. It is also known as a special-purpose entity.
- A real estateinvestment trust (REIT) is a special-purpose vehicle that invests in real estate properties and generates income for its investors.
- A project finance company is a special-purpose vehicle that is created to finance a specific project, such as a power plant or a highway.
These examples illustrate how a special-purpose vehicle is created for a specific purpose and is separate from the companies or individuals involved in the project or investment. It allows for better management and organization of the assets or funds involved.
I object!... to how much coffee I need to function during finals.
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Simple Definition
Special-Purpose Vehicle: A special-purpose vehicle is a type of entity that is created for a specific purpose, such as to hold assets or manage a project. It is often used in finance and investment to help investors achieve their goals. Think of it like a tool that is designed for a specific job, like a hammer for building a house.
Study hard, for the well is deep, and our brains are shallow.
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