Physical completion

The state in which a project is physically functioning, but not yet fully generating cash flow.

Physical Completion

The time at which a project has been finished and functions, but is not yet generating revenue. Physical completion applies especially to construction and other infrastructure projects. For example, an oil company may build a series of oil pumps. The time of physical completion occurs when the oil pumps are completed and are working, but have not yet pumped any oil. Another example is a new apartment building that is ready for tenants, but in which no apartments have yet been rented.

单词	physical completion
释义	Physical completion Physical completion The state in which a project is physically functioning, but not yet fully generating cash flow. Physical Completion The time at which a project has been finished and functions, but is not yet generating revenue. Physical completion applies especially to construction and other infrastructure projects. For example, an oil company may build a series of oil pumps. The time of physical completion occurs when the oil pumps are completed and are working, but have not yet pumped any oil. Another example is a new apartment building that is ready for tenants, but in which no apartments have yet been rented.
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