equipment trust

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• Equipment Trust Certificate — A debt instrument that allows a company to take possession of an asset and pay for it over time. The debt issue is secured by the equipment or physical assets, as the title for the equipment is held in trust for the holders of the issue. When the …   Investment dictionary

• Equipment trust certificate — An equipment trust certificate (ETC) is a financial security used in aircraft finance, most commonly to take advantage of tax benefits in North America.Peter S. Morrell, Airline Finance (Ashgate, 1997), p. 153.] In a typical ETC transaction, a… …   Wikipedia

• equipment trust certificate — A type of security, generally issued by a railroad, to pay for new equipment. Title to the equipment, such as a locomotive, is held by a trustee until the notes are paid off. An equipment trust certificate is usually secured by a first claim on… …   Black's law dictionary

• equipment trust certificate — A type of security, generally issued by a railroad, to pay for new equipment. Title to the equipment, such as a locomotive, is held by a trustee until the notes are paid off. An equipment trust certificate is usually secured by a first claim on… …   Black's law dictionary

• equipment trust certificate — noun : an interest in an equipment trust on which payments are made out of rentals received from lease of the equipment …   Useful english dictionary

• equipment trust — noun : a trust established for the ownership and lease of equipment …   Useful english dictionary

• 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. In most cases, the equipment that is pledged to secure the bonds is equipment or machinery that… …   Financial and business terms

• 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 of ownership of the asset reverts to the lessee. The New York Times Financial Glossary …   Financial and business terms

• equipment trust certificate — In the USA, a document setting out the details of a loan used to fund the purchase of equipment. The holder of the certificate has a secured interest in the asset in the event of a corporate default …   Accounting dictionary

• equipment trust certificate — In the USA, a document setting out the details of a loan used to fund the purchase of equipment. The holder of the certificate has a secured interest in the asset in the event of a corporate default …   Big dictionary of business and management

• equipment — equip·ment n: the implements used in an operation or activity; specif in the Uniform Commercial Code: goods that are bought for or used in a business enterprise or by a debtor which is a nonprofit organization or a government agency and that are… …   Law dictionary