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Equipment Trust Certificate |
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Equipment Trust CertificateIn the US, 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 the equipment.Similar MatchesCertificate of deposit (CD)Certificate of deposit (CD)Also called a time deposit this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A CD has a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years. Voting certificateVoting certificateCertificates issued by a voting trust to stockholders in exchange for their common stock, which represent all the rights of common stock except voting rights. Certificate of deduction of taxCertificate of deduction of taxA certificate, issued by a building society or bank (in accordance with Section 352 of the Income and Corporation Taxes Act 1988) to its customers with interest bearing accounts, in which gross interest, tax deducted and net interest are depicted. Receivers certificateReceivers certificateA debt instrument issued by a receiver and serving as a lien on the property, which provides funding to continue operations or to protect assets in receivership. Participation CertificatesParticipation CertificatesMortgage securities, rather than mortgages. The advantage of the certificate is that it is readily marketable or pledgeable. Further Suggestionscertificate of depositCertificate of Origin Canceled Certificates Stock certificate Investment certificate Face amount certificate Abstracters Certificate Certificate of title share certificate Guaranteed Mortgage Certificates (GMC) Eurodollar certificate of deposit Certificate Of Title Negotiable certificates of deposit Certificate of Accrual on Treasury Securities (CATS) Jumbo certificate of deposit jumbo certificate of deposit Charge certificate Certificates of Automobile Receivables (CAR) chargeable event certificate Security certificate Land registry certificate Certificates of Amortized Revolving Debt (CARD) Strip mortgage participation certificate (strip PC) Project loan certificate (PLC) Municipal improvement certificate |
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