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An equipment trust certificate (ETC) is a financial security used in aircraft finance, most commonly to take advantage of tax benefits in North America. [1] Details
An equipment trust certificate is a specific case. In creating such a pass-through structure, the underlying assets are "bundled" into a pass-through security [ 2 ] (also known as a "pay-through security"), where the principal and interest payments are "passed through" to certificate holders.
IRBs are desired as the private business receives a lower interest rate (due to the bonds tax-exempt status), a property tax exemption, and a long-term, fixed rate financing package. [1] Bond proceeds may be used for a variety of purposes, including land acquisition, building construction, machinery and equipment, real estate development fees ...
Uranium Resources Secures Surety Bonds on South Texas Properties Transaction will release $4.5 million of capital back to URI LEWISVILLE, Texas--(BUSINESS WIRE)-- Uranium Resources, Inc. (NAS ...
The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]
The leaseback concept has also spread to industry, mostly for industrial equipment. A long-standing example is the railroad industry, in which locomotives and other rolling stock are purchased on behalf of the railroad by an 'equipment trust' set up by a bank, financing the original purchase cost with the lease payments.
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Texas Pacific Land Holdings was created in 1888 in the wake of the Texas and Pacific Railway bankruptcy, as a means to dispose of the T&P's vast land holdings. Over 3.5 million acres were put into the trust, and bondholders exchanged their bonds for shares. [3]