- project
- The asset constructed with or owned via a project financing, which is expected to produce cash flow at a debt-service coverage ratio sufficient to repay the project financing. Bloomberg Financial Dictionary
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▪ I. project proj‧ect 1 [ˈprɒdʒekt ǁ ˈprɑː-] noun [countable]1. an important and carefully planned piece of work that will create something new or improve a situation:• the country's largest ever construction project
• San Miguel plans to finance the project 42% from equity and 58% from loans.
• a joint copper-mining research project
• The project is scheduled to be completed in early 2009.
a plan to build a large building, factory etc that will be paid for by loans and investments:• Declining interest rates make some companies less reluctant to borrow for capital projects.
— see also greenfield project2. project finance/financing FINANCE PROPERTY money needed for a large building project, usually in the form of investment loans:• Olympia & York Developments Ltd. is negotiating long-term project financing for its Canary Wharf development in London.
— see also greenfield project[m0] ▪ II. project pro‧ject 2 [prəˈdʒekt] verb [transitive]to calculate what the size, amount, or rate of something will be in the future:• California Microwave dropped 2 points after it projected earnings of 19 cents a share for the third quarter.
• Sources said that privately the company is projecting a bigger decline.
— projected adjective :• New Jersey's projected rates of return are in line with assumptions made by other corporations.
• a $17 billion cut in projected spending
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Ⅰ.project UK US /ˈprɒdʒekt/ noun [C]► a piece of planned work or an activity which is done over a period of time and intended to achieve a particular purpose: »The date for starting the project will be set once financing is completed.
set up/launch a project »They set up the research project with help from the university.
fund/pay for/finance a project »Two local businesses funded the project.
»manage/run a project
»complete/finish a project
»a joint/large/major project
»a building/construction/development project
Ⅱ.project UK US /prəʊˈdʒekt/ verb [T]► ECONOMICS, FINANCE to calculate an amount or number expected in the future from information already known: »The amount was less than we had projected.
»The state is projecting a $275 million shortfall for the rest of the fiscal year.
be projected (to do sth) »Growth rate is projected for five years.
»The deficit is projected to rise to $17 million next year.
»The project controller said the highway was currently seeing between 20,000 and 24,000 vehicles a day, fewer than the 26,000 originally projected.
»The review projects that gas could end up accounting for more than 50% of generating supply by 2020.
► to plan for sth to happen or expect sth to happen: be projected to do sth »The work is projected to start in November.
► to make other people see or feel a particular quality or idea in the way you behave: »The candidate projects supreme confidence in his own views and abilities.
»He was told that arriving in his Rolls-Royce might project the wrong image .
► COMMUNICATIONS to cause an image to appear on a screen or surface using a projector: project sth on/onto sth »The digital video will be projected on a huge I-MAX screen.
Financial and business terms. 2012.
