Completion test
A test of the project´s ability to perform as planned and generate the expected cash flows. In a limited-recourse deal, it is the time when the project moves from a full recourse to a nonrecourse financing.
A test of the project´s ability to perform as planned and generate the expected cash flows. In a limited-recourse deal, it is the time when the project moves from a full recourse to a nonrecourse financing.