Series 65: 2.7.2 Equipment Trust Certificates (ETCs)

Taken from our Series 65 Online Guide

2.7.2 Equipment Trust Certificates (ETCs)

Equipment trust certificates (ETCs) are secured bonds that are commonly issued by transportation companies. When an airline buys a fleet of new planes, it may decide to use an ETC to finance the purchase. ETCs are bonds in which a trustee sells the issue to investors and delivers the proc

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Your material was great. I took the Series 65 in March [2010] and passed with a 90%.

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