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What does bankruptcy remote mean?

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bankruptcy remote
Adjective

The isolation of an entity (e.g., SPV) from the bankruptcy or liquidation risk of other parties – asset seller-originator, sponsors, service providers – by limiting the scope of its business activities, restricting the liabilities it may incur, and requiring noncompetition clauses in the agreements executed by the key parties to a financing arrangement (e.g., ABCP program).

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