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SPE

It stands for special purpose entity; an entity (legal entity) that is specially established to fulfill a certain narrow or...

Special Purpose Entity

An entity (legal entity) that is specially established to fulfill a certain narrow or temporary purpose, rather than to function...

Accrual Tranche

A tranche that has some similarities to a zero-coupon bond. An accrual tranche (zero tranche) consists of Z bonds. By...

Second-Step Special Purpose Vehicle

A special purpose vehicle (SPV)/ special purpose entity (SPE) that is used in the process of securitization and involves a...

Z-Tranche

A tranche that has some similarities to a zero-coupon bond. A Z tranche (zero tranche) consists of Z bonds. By...

Special Purpose Entity

A legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed for the sole purpose of achieving...