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Project Finance in Theory and Practice, 2nd Edition by Stefano Gatti

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Glossary and Abbreviations

accelerated depreciation: The possibility allowed by the tax authority in various countries to accelerate the schedule of depreciation of a firm’s assets in order to benefit from tax shields.

acceleration clause: Condition that allows lenders to demand immediate payment of the total debt outstanding of the SPV. This is an exceptional situation that can arise when the project defaults and only when certain events of default stipulated in the credit agreement occur.

ADB: Asian Development Bank

administrative risk: Possible consequences for the project due to nonfulfillment, delays, or decisions by the public administration.

advisor: Specialist hired by sponsors to provide consulting services with the aim of establishing ...

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