A special purpose vehicle (SPV) is a legal entity created for a specific limited-time purpose, often used in finance and accounting. It can refer to a company or trust that is set up to carry out a particular project or transaction, such as the issuance of debt securities. The SPV's structure allows it to raise funds without directly affecting its parent organization's creditworthiness. Once the purpose for which the SPV was created has been accomplished, it may be dissolved.