Vehicle
From ACT Wiki
1. Companies - other corporate entities.
A company or other entity - for example a partnership - created for particular limited purposes, sponsored by another company or companies.
- Housing loans vehicle provides flexibility and speed
- "We’re a founding shareholder of MORhomes, an aggregator owned by more than 60 housing associations, and which raises finance on the bond markets and lends it to those housing associations...
- This is a valuable vehicle to access borrowing from bond markets at a faster timescale on flexible terms with the option to draw down funds up to 12 months earlier than the security is charged."
- Rohan Gunatillake, group treasurer, Golding Homes - The Treasurer magazine, Issue 2, June 2021, p34
2. Other intermediary structures.
Any structure to facilitate a transaction or relationship, through intermediation.
For example, a unit trust is a vehicle for small retail investors to invest, indirectly, in listed securities.
The units in the unit trust are not themselves listed.
3. Commercial, public and private transport.
Abbreviation for a motor vehicle, designed or adapted for use on public roads.
4. Commercial, public and private transport.
More broadly, any conveyance for goods or people.
