SPECIAL-PURPOSE ENTITY Definition

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SPECIAL-PURPOSE ENTITY (SPE) is a financing vehicle that is not a substantive operating entity, usually one created for a single specified purpose. An SPE may be in the form of a corporation, trust, or partnership. Special-purpose entities have been used for several decades for asset securitization, risk sharing, and to take advantage of tax statutes.

Learn new Accounting Terms

MBO see MANAGEMENT BY OBJECTIVES.

ADF, in invoicing, is After Deducting Freight.

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