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 ?
They crowded to the grates and shed tears there; but, twenty places in the projected entertainments had to be refilled, and the time was, at best, short to the lock-up hour, when the common rooms and corridors would be delivered over to the great dogs who kept watch there through the night.
And what is the opinion of Brooks of Sheffield, in reference to the projected business?
pointing to a heavy piece of stone carved-work that projected from the parapet.
The same combinations, in short, would result from an apprehension of the federal, as was produced by the dread of a foreign, yoke; and unless the projected innovations should be voluntarily renounced, the same appeal to a trial of force would be made in the one case as was made in the other.

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