special purpose corporation (SPC) |
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Definition
Legal entity created to insulate the issuer of an asset based security (such as one based on a pool of mortgages) from the originator (such as the mortgagee) of the asset collateralizing the security. It is a type of special purpose vehicle.
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special purpose corporation (SPC) is in the Corporate, Commercial, & General Law subject.
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http://www.businessdictionary.com/definition/special-purpose-corporation-SPC.html







