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Delmarva Power and Light, $60 million of first mortgage and collateral trust bonds due 2016, AA-/Aa-1/AA.
One 1920s bond was called a "collateral trust" security, with a claim on a building's profits but not on the building itself.
Another type is a collateral trust bond, in which the security consists of intangible property, usually stocks and bonds owned by the corporation.
* Delmarva Power and Light Company has filed for up to $102 million of first mortgage and collateral trust bonds and 280,000 shares of adjustable-rate preferred stock.
* Texas Utilities Electric Co. is offering $200 milion of 93/8percentnt first mortgage and collateral trust bonds due in 2016 at 99.45 to yield 9.43percentthroughgh First Boston.
* Delmarva Power and Light Co. is offering $60 million of 101/8percentnt, 30-year first mortgage and collateral trust bonds at 99 to yield 10.23 percent, through Kidder , Peabody & Co
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But by 2006, Mr. Jackson had removed Mr. Branca from his collateral trusts and was no longer using him as his lawyer.
Mr. Jackson named Mr. Branca as a trustee on various collateral trusts in which Mr. Jackson leveraged his publishing and recording assets to acquire millions of dollars in loans.
Their building blocks are contracts, property and collateral law, trust, entity and bankruptcy law, designed to fit within the scaffolding of prudential regulation.
Henry Hansmann & Reinier Kraakman, The Essential Role of Organizational Law, 110 Yale L.J. 387 (2000); George G. Triantis, Organizations as Internal Capital Markets: The Legal Boundaries of Firms, Collateral, and Trusts in Commercial and Charitable Enterprises, 117 Harv.
The entity that deposits, or executes an agreement to deposit, as contained in the Multiclass Guide, eligible collateral into a trust in exchange for consolidated securities.
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