Glossary entry (derived from question below)
English term or phrase:
equipment/trust number
English answer:
purchase or lease number from bank or trust company
Added to glossary by
Pawel Bartoszewicz
Sep 30, 2022 09:26
1 yr ago
36 viewers *
English term
equipment/trust number
English
Tech/Engineering
Automotive / Cars & Trucks
Certificate of Title
This term occurs in a document issued in the State of California and called "Certificate of Title" for a car. The document contains typical boxes with such information as vehicle ID number, model, make, plate number, body type model, unladen weight, etc. The box with "Equipment/Trust Number" is blank, so no help here. I've tried looking it up on the internet but found no clue. I will appreciate your help, especially as concerns the "trust" part.
Responses
+1
3 hrs
Selected
purchase or lease number from bank or trust company
The agreement to purchase or lease may direct the vendor or lessor to sell and assign or lease the rolling equipment to a bank or trust company, duly authorized to transact business in the State of California, as trustee, for the benefit and security of the equipment trust certificates and may direct the trustee to deliver the rolling equipment to one or more designated officers of the district and may authorize the district to simultaneously execute and deliver an installment purchase agreement or a lease of the equipment to the district.
4 KudoZ points awarded for this answer.
Comment: "Thank you very much for your confirmation, Guilherme."
3 hrs
Discussion
Have you tried researching the two terms separately? "Equipment/trust number" gets no useful hits.