special-purpose vehicle

noun

A legal entity (usually a limited company or a limited partnership) created to fulfill narrow, specific or temporary objectives, typically used for taxation benefits or to reduce financial risks.

Similar
SPEspecial-purpose entity
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Meanings

nounspecial-purpose vehicle (plural special-purpose vehicles)

plural special-purpose vehicles

  1. businessA legal entity (usually a limited company or a limited partnership) created to fulfill narrow, specific or temporary objectives, typically used for taxation benefits or to reduce financial risks.

    The family's business empire is considering backing a special purpose vehicle set up by Forest Road to take a majority stake in OnlyFans that could value the business at as much as $7bn.

    2025 August 2, Oliver Barnes, Daniel Thomas, “Billionaire Reuben brothers in talks to invest in consortium chasing OnlyFans”, in FT Weekend, London: The Financial Times Ltd., →ISSN, →OCLC, page 1

    Synonyms: SPE, special-purpose entity

Synonyms & antonyms

nounA legal entity (usually a limited company or a limited partnership) created to fulfill narrow, specific or temporary objectives, typically used for taxation benefits or to reduce financial risks.

Similar
SPEspecial-purpose entity
Also see
special-purpose entity
Cite this entry
APA

special-purpose vehicle. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/special-purpose%20vehicle

MLA

“special-purpose vehicle.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/special-purpose%20vehicle. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “special-purpose vehicle,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/special-purpose%20vehicle.

Source: special-purpose vehicle on Wiktionary, CC BY-SA 4.0.