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单词 Equipment Trust Certificate
释义

Equipment Trust Certificate

英语百科

Equipment trust certificate

An equipment trust certificate (ETC) is a financial security used in aircraft finance, most commonly to take advantage of tax benefits in North America.

In a typical ETC transaction, a "trust certificate" is sold to investors in order to finance the purchase of an aircraft by a trust managed on the investors' behalf. The trust then leases the aircraft to an airline, and the trustee routes payments through the trust to the investors. Upon maturity of the note, the airline receives title to the aircraft.

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更新时间:2025/6/23 1:28:07