special-purpose vehicle

English

Noun

special-purpose vehicle (plural special-purpose vehicles)

  1. (business, finance) A legal entity (usually a limited company or a limited partnership) created to fulfill narrow, specific or temporary objectives, typically used for taxation benefits or to reduce financial risks.
    Synonyms: SPV, special-purpose entity
    • 2025 August 2, Oliver Barnes, Daniel Thomas, “Billionaire Reuben brothers in talks to invest in consortium chasing OnlyFans”, in FT Weekend, page 1:
      The family's business empire is considering backing a special purpose vehicle set up by Forest Road to take a majority stake in OnlyFans that could value the business at as much as $7bn.

Further reading

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