A (n) _____________ gives the bondholder a claim to specific assets (identified through serial numbers) such as railroad cars or airplanes.

Question

Quizplus · Accepted Answer

An equipment trust certificate gives the bondholder a claim to specific assets, such as railroad cars or airplanes, identified through serial numbers. The assets purchased with the proceeds from the bond issue serve as collateral.

A (N) _____________ Gives the Bondholder a Claim to Specific