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equipment trust certificate

   Also found in: Acronyms, Wikipedia 0.01 sec.
equipment trust certificate
An intermediate- to long-term security that pays a fixed return based on payments received from the lease of equipment. These certificates are frequently used by railroads and airlines to finance rolling stock and aircraft, respectively.


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? Mentioned in ? References in periodicals archive
 
CHICAGO -- Fitch Ratings has affirmed 12 classes and downgraded one class of the Delta Airlines equipment trust certificates (ETCs) and enhanced equipment trust certificates (EETCs) transactions listed below.
CHICAGO -- Fitch Ratings has downgraded six classes and affirmed six classes of the Northwest Airlines Pass Through Trusts and enhanced equipment trust certificates (EETCs) listed below.
a subsidiary of the Company, on two Northwest Airlines Enhanced Equipment Trust Certificate (EETC) credits with net par outstanding of $66.
 
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