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Car Trust Securities

Defined in 1 dictionary — Bouvier (1914)

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

A name used commercially to indicate a class of investment securities based upon the conditional sale or hire of railroad cars or locomotives to railroad companies with a reservation of title or lien in the vendor or bailor until the property is paid for. See Rolling Stock.