Equipment Bond

Equipment Bond

A bond that a railroad issues in order to purchase trains and anything else that moves on the railway. The bond is secured by the assets purchased; that is, if coupon or other payments are not made, bondholders may confiscate and sell the equipment financed by the bond.
References in periodicals archive ?
COTTAGE GROVE - The South Lane County Fire and Rescue Board has voted to place a $2.6 million equipment bond on the November general election ballot.
For hygiene applications, Aurizon's equipment bonds, attaches, embosses and laminates thermoplastics materials, and has engineered solutions for feature attachment, core bonding, acquisition layers and backsheets.
Inside the van, part of your grounding system is having each piece of communications equipment bonded to the shelf it sits on.
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