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Equipment trust certificates |
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Equipment trust certificatesCertificates issued by a trust that is formed to purchase an asset and lease it to a lessee. When the last of the certificates has been repaid, title and ownership of the asset transfers to the lessee.Equipment trust certificates Similar MatchesCertificates of Amortized Revolving Debt (CARD)Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. Certificates of Automobile Receivables (CAR)Certificates of Automobile Receivables (CAR)Pass-through securities backed by automobile loan receivables. Canceled CertificatesCanceled CertificatesBefore the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled. Participation certificates (PC)Participation certificates (PC)Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or fall of a security or group of securities. Participation CertificatesParticipation CertificatesMortgage securities, rather than mortgages. The advantage of the certificate is that it is readily marketable or pledgeable. Further SuggestionsGuaranteed Mortgage Certificates (GMC)Negotiable certificates of deposit |
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