Completion test

Definition:

A test of the project's ability to perform as planned and generate the expected cash flows. After the completion test, the project can move from recourse to project financing.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Stock split

Occurs when a firm issues new shares of stock and in turn lowers the current market price of its stock to a level that is proportionate to pre-split prices. For example, if IBM trades at $100 before... Read More

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio