Availability Payment
A payment for an infrastructure asset being available for use, regardless of how much it is used. It is the North American name for what UK and European PPPs call the unitary charge, and it carries the same mechanics: indexation, and deductions for unavailability and poor performance.
Current nameThe standards call it Unitary Charge, and the mechanism, the worked case and the interview question are there.Keep reading
Project finance and infrastructure modelsRelated Project Finance terms
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Browse the full glossary — 340 finance recruiting and technical terms, in plain English.