Project


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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.

Project

Any series of tasks or activities intended to accomplish a goal, which is ultimately to make a profit. For example, a construction company may have a project to build a house. This project involves laying in the foundation, setting up the frame, installing insulation, and so forth. A company may receive a lump sum payment at the completion of the project, or it may receive progress payments as different benchmarks on the way to completion are met. See also: Project finance.
References in classic literature ?
The idea of failure in our bold enterprise was the least painful of my anxieties; but the thought of seeing our project discovered before leaving the Nautilus, of being brought before Captain Nemo, irritated, or (what was worse) saddened, at my desertion, made my heart beat.
Like Peter the second, too, his projects had almost invariably failed, and, but for the magnificent success of the final one, would have left him with hardly a coat and pair of breeches to his gaunt and grizzled person.
On his part, he willingly gave the most accurate information touching his project.
This project consisted in a proposal to occupy the Kremlin with the whole army; to arm and fortify it scientifically, to kill as many horses as could be got, and salt their flesh, and spend the winter there; and in spring to fight their way out.
Is it likely, if I have any project in hand that I ought to keep secret from you, I should tell you about it?
He is Minister of War, a man trusted by the Emperor, and I need not concern myself about his personal qualities: he has been commissioned to consider my project, so he alone can get it adopted," thought Prince Andrew as he waited among a number of important and unimportant people in Count Arakcheev's waiting room.
But the opportunity of carrying out this project has proved to be one of the lost opportunities of my life.
This project, the result of long elaboration, is the object of my present communication.
With cargo-mules the case is rather different, for the loads project so far, that the animals, occasionally running against each other, or against a point of rock, lose their balance, and are thrown down the precipices.
He is coming to see me soon, and then I will make the proposal to him, having first enlightened him upon my circumstances sufficiently to excuse the project.
The only inconvenience is, that none of these projects are yet brought to perfection; and in the mean time, the whole country lies miserably waste, the houses in ruins, and the people without food or clothes.
Young men are fitter to invent, than to judge; fitter for execution, than for counsel; and fitter for new projects, than for settled business.