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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
However, the most illuminating figures might be the range in projected production costs reported for individual projects: digitizing--$0.25-$16.65; metadata creation--$0.75-$17.25; other--$0.45-$28.15; total--$1.85-$42.45.
The company is also upgrading its mill and woodlands operations at a projected cost of approximately $16.1 million.
Speaking before more than 500 attendees, Fried continued, "After land cost, nothing is more important than the projected profit margin.

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