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David，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关汽车业的法律文件。