Equipment Trust Certificate

equipment trust certificate - Related Articles
Trust, Fear, and a Dead Economist
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equipment trust bond or equipment trust certificate
bond, usually issued by a transportation company such as a railroad or shipping line, used to pay for new equipment.

equipment trust certificate Secured corporate debt issued through a trust to finance transportation equipment.
equity An ownership interest in something.

Equipment trust certificate. A type of security generally issued by a railroad to finance new equipment. Title to the equipment is held by a trustee until the notes are paid off.

equipment trust certificates
A common type of secured corporate bond. For these bonds, a collateral interest in equipment or machinery provides extra protection for bond holders.

Equipment Trust Certificate
A type of debt security that was historically used to finance "rolling stock" or railway boxcars. The cars were the collateral behind the issue and when the issue was paid down the cars reverted to the issuer.

Equipment trust certificates: A corporate bond offering secured by the equipment of a railroad, airline, or trucking firm, known as rolling stock.
Equity: The value of an asset (or part of an asset) which is not indebted.

Equipment Trust Certificate - Is a security which is collateralized by specific equipment, often capital in nature. The title is held in trust until the obligation is satisfied.

Equipment trust certificates
Certificates issued by a trust that was formed to purchase an asset and lease it to a lessee. When the last of the certificates has been repaid, title ownership of the asset transfers to the lessee.
Equity ...

Equipment Trust CertificateExpand/Collapse
A security, more common in the U.S. than in Canada, that is generally issued by a railroad or airline to pay for new moveable equipment. It is secured by a first lien on the equipment.

Similar to equipment trust certificates except that the lender is either the
equipment manufacturer or a bank or finance company to whom the manufacturer has sold the conditional
sales contract.
Contingent deferred sales charge (CDSC) ...

CONDITIONAL SALES CONTRACTS - Similar to equipment trust certificates, except that the lender is either...
CONDITIONAL-USE PERMIT - Written governmental permission allowing a use inconsistent with zoning but ne...

Equipment obligations (or equipment trust certificates) are backed by specific pieces of equipment (railroad rolling stock, aircraft, etc.).
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Title to the equipment, such as a rail car, is held by a trustee, usually a bank, until the bond is repaid. An equipment trust certificate gives the bondholder first claim on the equipment in the event that interest and principal payments are in ...

A limited partnership that receives income and tax benefits such as depreciation costs by purchasing equipment and leasing it to other parties.
Equipment trust certificates ...

Bond Anticipation Note (BAN) (in banking)
Legging-Out (business term)
Simple Yield (business term)
Receiver's Certificate (finance term)
Equipment Trust Certificate (in accounting)
Security (in accounting) ...

See also: Sales contract, Finance company, Banks, Expense, Exercise price