is used to finance rolling stock long dash airplanestrucksb

_______ is used to finance? \"rolling ?stock\" long dash —?airplanes,trucks,boats,railroad cars.

Solution

Equipment trust certifies is used to finance? \"rolling ?stock\" long dash —?airplanes,trucks,boats,railroad cars.

A trustee buys the asset with funds raised through the sale of trust certificates and then leases it to the firm; after making the final scheduled lease payment, the firm receives title to the asset. A type of leasing.