Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
car trust certificate
See EQUIPMENT TRUST CERTIFICATE.
collateral trust certificate
See collateral trust bond (1) under BOND (3).
equipment trust certificate
A security, usu. issued by a railroad, to pay for new equipment. ( Title to the equipment is held by a trustee until the note has been paid off. - Also termed car trust certificate; trust certificate.
land trust certificate
An instrument granting the holder a share of the benefits of property ownership, while the trustee retains legal title. See land trust under TRUST.
trust certificate
See EQUIPMENT TRUST CERTIFICATE.
voting-trust certificate
A certificate issued by a voting trustee to the beneficial holders of shares held by the voting trust. ( A votingtrust certificate may be as readily transferable as the underlying shares; it carries with it all the incidents of ownership except the power, to vote. See voting trust under TRUST.