noun
special purpose company; SPC
A legal entity created for a specific, limited financial or business purpose, often used in securitization or project finance. Compare with 特定目的会社 (TMK), a specific type of SPC under Japanese law.
See also: 特定目的会社
このプロジェクトのために特別目的会社を設立した。
We established a special purpose company for this project.
特定目的会社 (TMK) is a specific legal form of SPC under the Japanese Asset Liquidation Law, while 特別目的会社 is a broader term for any special purpose vehicle.
Compound of 特別 (special) + 目的 (purpose) + 会社 (company). A direct translation of the English term 'special purpose company'.