An Equipment Trust Certificate (ETC) is a debt instrument that allows transportation companies to finance the acquisition of equipment such as aircraft, ships, and railroad cars. These instruments are backed by the equipment itself, providing security for the lender and financing terms favorable to the borrower.
In the context of transportation, rolling stock refers to vehicles that move on wheels and are used for the conveyance of goods or passengers. This term is primarily associated with the railroad industry but also broadly covers commercial vehicles like trucks and tractor-trailers.
A tank car is a type of transportation equipment specifically designed to carry liquids. It is commonly used in the railroad industry to transport a wide range of liquid commodities, including milk, chemicals, and petroleum products.
