Simple English definitions for legal terms
Read a random definition: own-product exclusion
Term: SPE
Definition: SPE stands for SPECIAL-PURPOSE ENTITY. It is a type of legal structure that is created for a specific purpose, such as owning and managing a particular asset or project. It is often used in business and finance to help manage risk and protect investors. Think of it like a special container that holds something valuable and keeps it safe.
Term: SPE
Definition: SPE stands for SPECIAL-PURPOSE ENTITY.
Examples:
The examples illustrate how an SPE is a separate legal entity created for a specific purpose. It is often used to isolate assets or liabilities from the rest of a company or group of investors. This can provide protection from creditors or allow for more efficient management of a specific project or asset.