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Investing Glossary:
Equipment trust certificates
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Equipment trust certificates
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| Definition: |
| 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.
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