In the context of project financing, the purchase of the project's output.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
In project finance, the act of purchasing the output of a project. This form of financing may be used in lieu of or in conjunction with a loan that must be repaid. It may be compared with accounts receivable financing.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved