Private Finance Initiative (PFI): Benefits, Drawbacks, Examples

Private Finance Initiative (PFI): Benefits, Drawbacks, Examples

What Is a Private Finance Initiative (PFI)? A private finance initiative (PFI) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, a private company handles the up-front costs

Private Foundation

Private Foundation

What Is a Private Foundation? A private foundation can be a charitable organization that, while serving a good cause, does not qualify as a public charity by government standards. Private foundations can also be nonprofit organizations whose trustees or directors manage funds and programs. They are usually created via a single primary donation, called an

Non-public Gain Definition

Non-public Gain Definition

What Is a Private Purchase? Private purchase refers to an investment in which an individual or institutional investor purchases shares in a privately-held firm. The investor may buy all of the company’s shares, or just a portion of them. The fact that a private purchase does not involve the use of capital markets means that

What It Is, How It Works, Examples

What It Is, How It Works, Examples

What Is Privatization? Privatization occurs when a government-owned business, operation, or property becomes owned by a private, non-government party. Privatization may also describe a transition that takes a company from being publicly traded to becoming privately held. This is referred to as corporate privatization. Key Takeaways Privatization describes the process by which a piece of

What Is Privileged Verbal alternate? How It Works and Examples

What Is Privileged Verbal alternate? How It Works and Examples

What Is Privileged Communication? Privileged communication is an interaction between two parties in which the law recognizes a private, protected relationship. Whatever is communicated between the two parties must remain confidential, and the law cannot force their disclosure. Even disclosure by one of the parties comes with legal limitations. There are, however, exceptions that can