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special-purpose vehicle

   Also found in: Dictionary/thesaurus, Financial 0.01 sec.
special-purpose vehicle [′spesh·əl ¦pər·pəs ′vē·ə·kəl]
(engineering)
A vehicle having a special chassis, or a general-purpose chassis incorporating major modifications, designed to fill a specialized requirement; all tractors (except truck tractors) and tracklaying vehicles, regardless of design, size, or intended purpose, are classified as special-purpose vehicles.


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Amara Dhari Investment Ltd, a special-purpose vehicle representing Gulf investors, is to buy Plus shares at 7.
Northern Rock did not hide its loans off its balance sheet, but did make liberal use of offshore trusts and special-purpose vehicles - and PwC was deeply involved.
Dual Considerations In addition to regulation, the other important consideration when deciding in what jurisdiction to launch a special-purpose vehicle would be the financial implications.
 
 
 
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