A purpose entity refers to a organization or entity that is created for a specific reason or objective. It is focused on achieving a particular purpose, rather than operating for general business activities. Full definition
Often special purpose entities — established for the purpose of addressing these issues — are created to facilitate the investment by Canadian pension plans. (blg.com)
It does not have any transactions, arrangements or other relationships with any special purpose entities established for its benefit. (greenbackd.com)
An independent director may be appointed as well in order for the special purpose entity to maintain neutrality. (propertymetrics.com)