HomeDefinitionsCompareDebt Equipment trust certificatesThe financial definition for Equipment trust certificates:Certificates 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. Similar MatchesCanceled CertificatesCanceled CertificatesBefore the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled. Certificates 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. Further SuggestionsGuaranteed Mortgage Certificates (GMC)Negotiable certificates of deposit Participation certificates (PC) Click to compare definitions of Equipment trust certificates Click to view definitions beginning eq |