special-purpose vehicle


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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.
References in periodicals archive ?
He called upon the European countries to take more practical steps regarding the establishment of Special-Purpose Vehicle (SPV) and warned that Iran can immediately increase the volume and degree of uranium enrichment.
The Newport facility will be owned by the 10 councils under the special-purpose vehicle CSC Foundry Ltd (LDC Ffowndri Cyn) and the space leased for compound semiconductor manufacturing and applications development.
Garnsworthy of PricewaterhouseCoopers said he's aware of several companies currently considering applying for a U.K.-based insurance special-purpose vehicle. The Irish regulator also has developed a similar regime.
He noted that Europe wants to facilitate Iran-Europe payments through Special-Purpose Vehicle after the US illegal sanctions on Iran, and some unanticipated problems.
Al-'Aqar Capital is a special-purpose vehicle incorporated solely for the acquisition of 11 hospitals leased to Al-'Aqar Healthcare Real Estate Investment Trust and operated by KPJ Healthcare Berhad, Malaysia's largest private healthcare group.
Special-purpose vehicle Barclays CCP Funding LLP is co-issuer of the series 2010-1 of the CCP programme, which landed AA-/A-1+ ratings, matching the superior credit quality of the UK bank.
He also added that the European parties had to launch INSTEX (Instrument in Support of Trade Exchanges), a special-purpose vehicle established in January 2019 by France, Germany and the UK to facilitate non-dollar trade with Iran, in order to start the implementation of their commitments.
"They are expected to prepare and operationalize the necessary mechanisms as soon as possible," Qassemi said while referring to the Special-Purpose Vehicle (SPV) proposed by Europe to counter the US sanctions against Iran.
Power Contract Financing was a special-purpose vehicle set up by US power generating firm Calpine Corp (NYSE:CPN) to monetise a power sales agreement between the California Department of Water Resources and Calpine Energy Services.
- 2 lots - special-purpose vehicle with spray equipment - 1 unit
Contract notice: Delivery of 1 piece of special-purpose vehicle in a police version of mobile position command, case no.
The Nedbank Head of Infrastructure - Brett Botha stated, "A master finance agreement was entered into between Nedbank Capital and Bank of China and a special-purpose vehicle known as Mamba Cement Company."