This is one of the hand signals that the law requires you to know. If you do not have blinkers you can signal you are making a left turn by extending your left arm straight out at a 90 degree angle to your body. Even car drivers that don't know these signals can figure this one out pretty easily.
SPV (SPE) A special purpose vehicle (SPV) or special purpose entity (SPE) is a company that is created solely for a particular financial transaction or series of transactions. It may sometimes be something other than a company, such as a trust. The SPV's debts may, or may not, be raised with recourse to the ârealâ borrower.
In an interpretive letter published on May 4, the Commodity Futures Trading Commissionâs Division of Clearing and Risk (Division) confirmed that a securitization special purpose vehicle (SPV) that is wholly owned by, and consolidated with, a finance company that meets the criteria set out in the âcaptive finance company exceptionâ found in Section 2 ...