equipment trust certificate

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Equipment Trust Certificate

A certificate entitling the holder to the revenue from the lease of an asset. In an equipment trust, the trust owns the asset and leases the asset to a company (which usually set up the trust). Certificate holders receive lease payments until the certificates mature, at which point ownership of the asset is transferred to the company leasing it. Rail and airline companies use equipment trust certificates in order to finance the purchase of trains and planes.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The offering is an additional issuance from the series 2010-1 of enhanced equipment trust certificates which originally closed on 21 December 2010, with an offering of class A and B certificates, US Airways said.
Air Canada said it is closing its private offering of three tranches of enhanced equipment trust certificates, in the aggregate face amount of USD1,031,390,000.
M2 EQUITYBITES-March 13, 2015-Air Canada prices offering of enhanced equipment trust certificates
Air Canada said it has announced the private offering of three tranches of enhanced equipment trust certificates with an aggregate face amount of USD1,031,390,000.
(NASDAQ: AAL) said that it priced an offering of two classes of enhanced equipment trust certificates for USD957m.
M2 EQUITYBITES-May 31, 2013-American Airlines launches private enhanced equipment trust certificates offering(C)2013 M2 COMMUNICATIONS http://www.m2.com
Honolulu-based carrier Hawaiian Airlines Inc (NASDAQ: HA) said that its first-ever offering of enhanced equipment trust certificates which will be used to secure fixed, low-interest financing for the acquisition of six new Airbus A330 aircraft delivering over the next 18 months.
Texas-based airline operator AMR Corp's (OTC: AAMRQ) said that its American Airlines Inc operating subsidiary has launched a private offering of two tranches of enhanced equipment trust certificates in the aggregate face amount of USD 663,378,000.
Citigroup, Goldman Sachs Group and Morgan Stanley have been hired as book-runners on USD$630 million of enhanced equipment trust certificates (EETCs) issued by DNA Alpha (Doric) to finance the latest aircraft deal.
subsidiary has priced an offering of two classes of enhanced equipment trust certificates in the aggregate face amount of approximately USD 546m.
Hawaiian Airlines closed on enhanced equipment trust certificates of $444.5 million to finance the acquisition of six Airbus A330-200 aircraft.
Hawaiian Airlines Announces Closing of $444,540,000 Aircraft Financing under Enhanced Equipment Trust Certificates. Hawaiian Airlines, Inc.

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