Meaning of special-purpose vehicle | Babel Free
Definitions
A legal entity (usually a limited company or a limited partnership) created to fulfill narrow, specific or temporary objectives, typically used for taxation benefits or to reduce financial risks.
Examples
“The family's business empire is considering backing a special purpose vehicle set⟳ up by Forest Road to take⟳ a majority stake in OnlyFans that could value the business at as much as $7bn.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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