SPE
USA
An entity formed to develop, own and operate a special project while isolating financial risk and minimizing bankruptcy risk (making it "bankruptcy-remote"). It is typically prohibited from incurring debt or other obligations, and limited in its purpose and the activities in which it may engage. The entity's sole asset is the property securing the loan and its sole purpose is to own and manage the property. To isolate financial risk, the business is structured to meet strict accounting requirements to qualify for off-balance sheet treatment. Other restrictions are often put in place to reduce the risk that the entity itself will voluntarily file for bankruptcy, be involuntarily forced into bankruptcy as a result of substantive consolidation with an affiliate's bankruptcy, or otherwise be adversely affected by a bankruptcy of its parent or affiliates.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • SPE — SPE: SPE  сокращённое наименование Общества инженеров нефтяников. SPE, сокр. от special purpose entity, см. SPV SPE интегрированная среда разработки Python (Stani s Python Editor) SPE Солнечное протонное событие (Solar proton event) …   Википедия

  • spe — spe: til spot og spe (til genstand for hån) (jf. in spe) …   Dansk ordbog

  • SPE — steht für: Sozialdemokratische Partei Europas Schul und Prüfungsrechtliche Entscheidungen, Sammlung relevanter Entscheidungen der deutschen Gerichte zum Thema Societas Privata Europaea, eine geplante, EU weit einheitliche Unternehmensrechtsform… …   Deutsch Wikipedia

  • SPE — SPE: 1) [Abk. für engl. solid phase extraction = Festphasenextraktion]: bes. zur Probenvorbereitung chromatographischer Analysen nützliches automatisches Extraktionssystem an festen Sorbentien (auch im Mikromaßstab, SPME); 2) Abk. für engl.… …   Universal-Lexikon

  • spȅći — (koga, što, se) svrš. 〈prez. spèčēm (se), pril. pr. spȅkāvši (se), imp. spèci (se), prid. trp. spèčen〉 1. {{001f}}(koga, se) nanijeti opekotinu; opeći 2. {{001f}}(što) reg. ispeći [∼ prasca] …   Veliki rječnik hrvatskoga jezika

  • spē- Ⅰ — *spē germ.?, Verb: nhd. zunehmen; ne. increase; Hinweis: s. *spēdja ; Etymologie: s. ing. *spēi (3), *spē , *spī , Verb, sich dehnen, gedeihen, gelingen, Pokorny 983; Lit …   Germanisches Wörterbuch

  • spe|le|an — or spe|lae|an «spih LEE uhn», adjective. 1. having to do with or like a cave: »spelean darkness. 2. living in or frequenting caves. ╂[< Latin spēlaeum cave (< Greek sp ) + English an] …   Useful english dictionary

  • spe|le|ol|o|gy — or spe|lae|ol|o|gy «SPEE lee OL uh jee», noun. the scientific study of caves. ╂[< French spéléologie < Greek sp cave + French logie logy] …   Useful english dictionary

  • špȅk — m reg. 1. {{001f}}{{c=1}}v. {{ref}}slanina{{/ref}} 2. {{001f}}mastan potkožni sloj čovjeka, ob. oko pojasa; salo ✧ {{001f}}njem …   Veliki rječnik hrvatskoga jezika

  • SPE — sigla 1. Servizio Permanente Effettivo 2. Società Pubblicità Editoriale …   Dizionario italiano

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.