SPECIAL PURPOSE VEHICLE Definition

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SPECIAL PURPOSE VEHICLE (SPV) is an organization constructed with a limited purpose or life. Frequently, these Special Purpose Vehicles serve as conduits or pass through organizations or corporations. In relation to securitisation, it means the entity which would hold the legal rights over the assets transferred by the originator.

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PURCHASES LEDGER see LEDGER.

ECONOMIC VALUE (EV) is the value of an asset deriving from its ability to generate income.

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