What is SPE in Latin?

From Latin in (“in”, used with the ablative) + spē, ablative singular of spēs (“hope”). The phrase, then, literally translates as “in [the] hope; hopeful”.

Subsequently What is an SPE in business? A special purpose vehicle, also called a special purpose entity (SPE), is a subsidiary created by a parent company to isolate financial risk. Its legal status as a separate company makes its obligations secure even if the parent company goes bankrupt.

What is Felix in Latin? [ fee-liks ] SHOW IPA. / ˈfi lɪks / PHONETIC RESPELLING. noun. a male given name: from a Latin word meaning “happy, lucky.”

Beside above, What gender is SPES in Latin? Vocative

• Jun 3, 2010

What declension is SPES SPEI?

The next word is spes, spei, f., meaning “hope.” It’s a fifth-declension feminine noun.

What does SPE stand for in real estate?

In the context of a commercial real estate transaction a single purpose entity, not to be confused with its more expansive cousin, the special purpose entity, is usually a limited liability company or s-corporation that is established for the single purpose of holding real estate that is the subject of the underlying …

What is a SPE borrower? A single-purpose entity, not to be confused with its more expansive relative, the special-purpose entity (both commonly abbreviated as “SPE”), in the context of a commercial real estate transaction, is a limited liability company or corporation that holds title to particular real estate in which the financing lender …

What is a recycled SPE? Related to Recycled SPE Borrower/SPE Component Entity. … Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof. SPE means any special purpose Unrestricted Subsidiary established in connection with any Accounts Receivable Securitization.

What does Acer mean in Latin?

History and Etymology for Acer

New Latin, from Latin, maple tree; akin to Old High German, Old Saxon, & Middle Low German ahorn maple tree, Old Danish ær, Greek akastos, a maple tree, akarna laurel, and probably to Latin acer sharp.

Is Felix a unisex name? Felix is a masculine given name that stems from Latin felix [ˈfeːliːks] (genitive felicis [feːˈliːkɪs]) and means “happy” or “lucky”. Its female form is Felicity. … View a list of notable people with the name “Felix” below.

Who is Felix in the Bible?

Marcus Antonius Felix (Felix, in Greek: ὁ Φῆλιξ; born circa 5–10) was the 4th Roman procurator of Judea Province in 52–60, in succession to Ventidius Cumanus.

What does Caritas mean in Latin? Caritas may refer to: The Latin term for charity, one of the three theological virtues.

What does res mean in Latin?

/ Latin (reɪs) / noun plural res. a thing, matter, or object.

What is the meaning of the Latin word Cornu?

: a horn-shaped anatomical part (as of the uterus)

What is single asset entity? A single-asset entity is typically a limited liability company (LLC) that owns real estate but has no other assets. … They are especially helpful to lenders, because, if a borrower personally declares bankruptcy, but they own property via a single-asset entity, the property will not be involved in the bankruptcy.

What is a sole purpose LLC? A single purpose LLC is a limited liability company that holds a title to real estate in which the lender who provided financing holds a mortgage but does not have any other liabilities or assets.

What is SPV in real estate?

Many real estate entities are constituted as special purpose vehicles (SPVs) to execute specific projects. The SPV structure allows lenders to ring-fence cash flow through an escrow mechanism, and delink the risks of one project from another.

What is SPE equity owner? “SPE Equity Owner” means the general partner of a limited partnership Borrower or a managing member of a limited liability company that is an SPE.

Can a general partnership be an SPE?

SPE Component Entity . As defined in the Mortgage Loan Agreement. … SPE Component Entity means, if Borrower is a limited partnership or a limited liability company, each general partner or managing member of Borrower.

What is LLC considered? A limited liability company, or LLC, is considered a corporation if the LLC owners elect to be treated as a C or S corporation for taxation purposes. Both an LLC and a corporation must register with the state. An LLC is a pass-through structure formed by one or more person, designated as the owner or owners.

What are SPE provisions?

SPE Provisions means the representations, covenants and other terms and conditions hereof and of the other Loan Documents, in each case, relating to single purpose, bankruptcy remote entities (including, without limitation, those contained in Article V hereof).

What is an SPE equity owner? “SPE Equity Owner” means the general partner of a limited partnership Borrower or a managing member of a limited liability company that is an SPE.

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