equipment trust certificate

equipment trust certificate. A security, usu. issued by a railroad, to pay for new equipment. • Title to the equipment is held by a trustee until the note has been paid off. — Also termed car trust certificate; trust certificate.

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词条贡献者

资深译员王漾，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与税收策略及补贴有关的法律文件。