Type: noun
Pronunciation: /speh-shul-pur-poes-en-tee-tee/
Also spelled or known as: Special Purpose Vehicle, SPE, SPV
Plural: Special Purpose Entities
Related: Investment, SPE, SPV
What does Special Purpose Entity mean? A separate legal entity created by a parent company or investors for a specific business or investment purpose.
SPEs are often used to isolate assets, raise funding, manage rights, or structure ownership in a specific project.
In music, an SPE may be used for catalog acquisitions, royalty investments, or project financing.
Special Purpose Entity synonyms: Special Purpose Vehicle, SPE, Project Entity, Investment Vehicle
Example sentence: “The investors created a Special Purpose Entity to acquire music catalogs.”
PRE-ORDER RECORDING BUSINESS DICTIONARY