trust certificate

trust certificate
noun
: a certificate issued and sold as one of a series by the trustee of designated trust property (as an investment trust, railroad equipment, or business trust) legally held evidencing a specified fractional equitable or beneficial interest in the trust property existing in the holder or registered owner of the certificate, incorporating the particular trust agreement, setting forth the principal rights of the certificate owner to share in the income, profits, or gains realized from the trust property and in any current or future distributions of it, and prescribing the mode of transfer of the certificate

Useful english dictionary. 2012.

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  • Trust certificate — may refer to:*Public key infrastructure*Trust Certificate (finance) …   Wikipedia

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  • voting trust certificate — n: a certificate issued as evidence of the holder s beneficial interest in a voting trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • equipment trust certificate — A type of security, generally issued by a railroad, to pay for new equipment. Title to the equipment, such as a locomotive, is held by a trustee until the notes are paid off. An equipment trust certificate is usually secured by a first claim on… …   Black's law dictionary

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  • Trust certificate (finance) — A corporate bond backed by other securities, usually a parent corporation borrowing against securities of its subsidiaries …   Wikipedia

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