The report provides a glossary of terms related to Public Private Partnerships (PPP) projects. The terms include Abnormals (site-specific elements that cannot be priced without site investigation reports), Advance Loss of Profits (insurance to cover insurable incidents that prevent income being earned as predicted), Affordability Limit (budget envelope for public authorities to make payments under a NPD/DBFM contract), Agency Fee (annual administration and monitoring fees), All Risks Insurance (insurance for physical damage to a project), Annual Debt Service Cover Ratio (ADSCR), Annual Operating Cashflow Pre Financing (senior debt service), Arrangement Fee (upfront arrangement fee), Authority (local authority or government body procuring the project), Availability (ability of a project to make its service capable of use by the client), Deductions (normal payments from contractual payments), Base Rate (gilt rate), Balloon Payment (large final principal repayment of a loan), Bank Financing (borrowing funds from a banking institution), Base Case (default scenario), and Base Case Model (default scenario model).
