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Simple English definitions for legal terms

special-purpose vehicle

Read a random definition: RCE

A quick definition of special-purpose vehicle:

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.

A more thorough explanation:

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 estate investment 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.

special-purpose property | special reference

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15:23
what if I started flexing again
15:24
that might be too much
15:33
can we see ur mod badge?
15:41
just for u sweetie pie
15:43
woah so much swagger with dat 'm;
Dkk
15:47
@shaquilleoatmeal: more like, blow my back out by the bay boston instead of back bay boston.
Dkk
15:48
Indeed, the legendary man himself.
15:49
I would go to blow my back out by the bay boston
15:50
lift with ur back not your legs, its better to have a blown back than two bad legs
CynicalOops
15:53
Blow and back day out by boston bay
15:59
so true
Dkk
16:03
Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.
windyMagician
16:10
is it dumb that I rlly want to go to Mich even tho I have a full ride to umn
16:12
no-value as a consumer often means more than the price
Dkk
16:15
@windyMagician: Nah michigan is better than UMN
Dkk
16:15
My sister just officially graduated, yay!
16:16
awesome @Dkks sister
16:16
prolly named veronica or sarah
windyMagician
16:16
@Dkk: for public defense tho?
windyMagician
16:16
Sarah in the bathroom
texaslawhopefully
16:17
@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.
windyMagician
16:17
fuck okay
windyMagician
16:17
going to my dream school is crazy
michigan also has better options if you do PD for 10 years then want to do something else
windyMagician
16:19
also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?
16:20
would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like
texaslawhopefully
16:23
For fed clerkships by far Michigan places better. I think it’s like 14-15 percent
windyMagician
16:25
sticker debt is high-key scary tho
texaslawhopefully
16:26
I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.
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