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Project
ProjectThe asset constructed with or owned via a project financing, which is expected to produce cash flow at a debt-service coverage ratio sufficient to repay the project financing. RELATED TERMS-------------------------------------- Asset Is the taxable basis of a property, imposed by the municipality. Often it is at a fraction of the market value. Project The asset constructed with or owned via a project financing, which is expected to produce cash flow at a debt-service coverage ratio sufficient to repay the project financing. Cash The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances. Ratio The relation between two quantifies expressed as the number of times one is greater than the other. SIMILAR TERMS-------------------------------------- Project completion restriction A type of clause, seen most often in municipal bond indentures, which requires the issuing party to sell debt securities (often in the form of revenue bonds) to finance the full completion of a particular project. Project contracts In the context of project financing, the suite of agreements underlying the project. Project finance loan program Program under which banks, the Ex-Im Bank, or a combination of both may extend long-term financing for capital equipment and related services for major projects. Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. Project link An econometric model forecasting and describing the effects of changes in different economies on other economies. Project loan certificate (PLC) A primary program of Ginnie Mae for securitizing FHA-insured and coinsured multifamily, hospital, and nursing home loans. Project loan securities Securities backed by a variety of FHA-insured loans-primarily multifamily apartment buildings, hospitals, and nursing homes. Project loans Usually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes, nursing homes, hospitals, and other special development. Project notes (PN) Notes issued by municipalities to finance federally sponsored programs in urban renewal and housing and guaranteed by the U.S. Department of Housing and Urban Development. Projected benefit obligation (PBO) A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future. Projected maturity date With CMOs, the date at the end of the estimated cash flow window where final payment is made. Projection The use of econometric models to forecast the future performance of a company, country, or other financial entity using historical and current information. PROJECTOR Credit Union PROJECTOR is a credit union with head office in MELVILLE, NY PREVIOUS AND NEXT TERMS-------------------------------------- Progress payments Periodic payments to a supplier, contractor, or subcontractor for work as it is completed as desired, in order to reduce working capital requirements. Progress review A periodic review of a capital investment project to evaluate its continued economic viability. Progressive tax A tax that takes a larger percentage from the income of high-income people than it does from low-income people. Progressive tax system A tax system that taxes the wealthy at a higher percentage rate than the less wealthy. Progressive taxation Is levied at a higher rate on higher incomes. Project Project completion restriction A type of clause, seen most often in municipal bond indentures, which requires the issuing party to sell debt securities (often in the form of revenue bonds) to finance the full completion of a particular project. Project contracts In the context of project financing, the suite of agreements underlying the project. Project finance loan program Program under which banks, the Ex-Im Bank, or a combination of both may extend long-term financing for capital equipment and related services for major projects. Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. Project link An econometric model forecasting and describing the effects of changes in different economies on other economies. We thank you for using the Financial Dictionary to search for Project. If you have a better definition for Project than the one presented here, please let us know by making use of the suggest a term option. This definition of Project may be disputed by other professionals. Our attempt is to provide easy definitions on Project and any other medical topic for the public at large.
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