Series 66: 2.4.11.2 Equipment Trust Certificates (ETCs)

Taken from our Series 66 Online Guide

2.4.11.2 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 pr

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