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TeachMeFinance.com - explain Car trust historic definition... Car trust -- A trust created for holding title to cars until paid for by the railroad which bought and is using them. Certificates or bonds, so-called, are issued under the trust the same as under other liens or mortgages. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.