Iron Car Equipment Co. - 1890 dated $1,000 Railway Equipment Bond - Fantastic Railroad Piece
Inv# RB7480 Bond
$1,000 6% Bond with 16 or 20 coupons remaining. Measures 19 1/2" x 17" with coupons. A railroad car, railcar (American and Canadian English), railway wagon, railway carriage, railway truck, railwagon, railcarriage or railtruck (British English and UIC), also called a train car, train wagon, train carriage or train truck, is a vehicle used for the carrying of cargo or passengers on a rail transport network (a railroad/railway). Such cars, when coupled together and hauled by one or more locomotives, form a train. Alternatively, some passenger cars are self-propelled in which case they may be either single railcars or make up multiple units.
The term "car" is commonly used by itself in American English when a rail context is implicit. Indian English sometimes uses "bogie" in the same manner, though the term has other meanings in other variants of English. In American English, "railcar" is a generic term for a railway vehicle; in other countries "railcar" refers specifically to a self-propelled, powered, railway vehicle. Although some cars exist for the railroad's own use – for track maintenance purposes, for example – most carry a revenue-earning load of passengers or freight, and may be classified accordingly as passenger cars or coaches on the one hand or freight cars (or wagons) on the other. Read more at https://en.wikipedia.org/wiki/Railroad_car
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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