It is common in energy, infrastructure and public-private partnership projects. Lenders rely on the cash flow model, technical reports, the security package and covenants such as DSCR, with limited recourse to the sponsor's balance sheet.
Source: Finansman uygulaması
Related terms
Debt service coverage ratio (DSCR)The ratio of cash flow available for debt service in a period to the principal and interest due in the same period.Financial modellingBuilding a model that forecasts the future financial performance of a company or project, with linked income statement, balance sheet and cash flow.Feasibility studyA study assessing whether an investment is viable from market, technical, financial and legal perspectives.BetaA coefficient measuring the sensitivity of a share's return to changes in the market return, that is, its systematic risk.Break-even pointThe sales volume or amount at which total revenue equals total cost and the business makes neither profit nor loss.Capital asset pricing model (CAPM)A model that calculates the cost of equity from the risk-free rate, beta and the market risk premium.
Last updated: November 8, 2026 · This definition is for general information only.