MLchartDataset catalogue

Collateral trust certificate

Term · Law · MLC-T-LAW-001054

A debt security issued by a company and secured by stocks, bonds, or other securities that the issuer deposits with a trustee for the holders' benefit. Holders are secured creditors with a claim on the pledged securities if the issuer defaults, not owners of them. Holding companies commonly use such obligations to borrow against the securities of their subsidiaries.

Table 1. Record
IdentifierMLC-T-LAW-001054
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001054",
  "term": "Collateral trust certificate",
  "field": "Law",
  "definition": "A debt security issued by a company and secured by stocks, bonds, or other securities that the issuer deposits with a trustee for the holders' benefit. Holders are secured creditors with a claim on the pledged securities if the issuer defaults, not owners of them. Holding companies commonly use such obligations to borrow against the securities of their subsidiaries.",
  "url": "https://mlchart.com/terminology/law/collateral-trust-certificate/"
}

Record 883 of 5,441 in Law terminology (MLC-0107). Request the full dataset.