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Tip of the Day Find Out About Secondary Costs

Find Out About Secondary Costs - Home ownership comes with many expenses and one that generally is not taken into account when plans are made to purchase a new home...

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Special Purpose Entity

Special Purpose Entity - Financial risk  isolation bodies, vehicles or entities. Oftentimes abbreviated as (SPV/SPE) - Also referred to as a "bankruptcy-remote entity" whose operations are limited to the acquisition and financing of specific assets. The SPV is usually a subsidiary company with an asset/liability structure and legal status that makes its obligations secure even if the parent company goes bankrupt. Oftentimes reeks of  financial statement manipulation, off-balance sheet activities, or used to hide debt.  A subsidiary corporation designed to serve as a counterparty for swaps and other credit sensitive derivative instruments. Also called a "derivatives product company."

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customwritingcompany said:

A unique reason vehicle/substance is a backup organization with an advantage/risk structure and lawful status that makes its commitments secure regardless of the possibility that the parent organization goes bankrupt. A SPV/SPE is additionally a backup company intended to fill in as a counterparty for swaps and other credit delicate subsidiary instruments.

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