completion
Definition
Stage in project financing where (after the completion test) the cash flows from the project itself become the primary source of repayment of the loans. Before completion, the sponsors of the project or its turnkey contractor is the primary source.
completion is in the Agreements & Contracts, Banking, Commerce & Finance and Project Management subjects.
completion appears in the definitions of the following terms:
lead time,
critical path method (CPM),
contract period,
incentive-type contract,
program evaluation and review technique (PERT),
duration compression,
time phasing,
unforeseen condition,
breach of contract,
ratchet clause
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/completion.html
email to a friend print this definition cite this definition