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.

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References in periodicals archive

In July, Massachusetts Environmental Affairs Secretary Robert Durand said that what the Boston Globe called "a glittering new neighborhood on South Boston's mostly desolate waterfront" would probably be doomed to failure because of nightmarish projected traffic congestion.

Boston's Dirty Secrets

The company is also upgrading its mill and woodlands operations at a projected cost of approximately $16.1 million.

Capital invested to meet environmental regulations

Speaking before more than 500 attendees, Fried continued, "After land cost, nothing is more important than the projected profit margin.

Experts discuss concerns in condo development finance

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