equipment trust certificate
equipment trust certificate 设备信托凭证 铁路公司为支付新设备货款而出具的担保。设备的产权由受托人持有，直至本票付清。亦称作「car trust certificate」、「trust certificate」 。(→equipment trust)
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EQUIPMENT TRUST CERTIFICATE
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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