Paper railroad

In the United States, a paper railroad is a company in the railroad business which exists "on paper only": as a legal entity which does not own any track, locomotives, or rolling stock. ^[1]

9 relations: Company, Legal person, Locomotive, Panic of 1857, Rail transport, Rolling stock, Subsidiary, Track (rail transport), United States.

Company

A company, abbreviated as co., is a legal entity made up of an association of people for carrying on a commercial or industrial enterprise.

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A legal person (in legal contexts often simply person, less ambiguously legal entity) is any human or non-human entity, in other words, any human being, firm, or government agency that is recognized as having privileges and obligations, such as having the ability to enter into contracts, to sue, and to be sued.

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Locomotive

A locomotive or engine is a rail transport vehicle that provides the motive power for a train.

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Panic of 1857

The Panic of 1857 was a financial panic in the United States caused by the declining international economy and over-expansion of the domestic economy.

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Rail transport

Rail transport is a means of transferring of passengers and goods on wheeled vehicles running on rails, also known as tracks.

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Rolling stock

The term rolling stock in rail transport industry originally referred to any vehicles that move on a railway.

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Subsidiary

A subsidiary, subsidiary company or daughter company"daughter company.

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Track (rail transport)

The track on a railway or railroad, also known as the permanent way, is the structure consisting of the rails, fasteners, railroad ties (sleepers, British English) and ballast (or slab track), plus the underlying subgrade.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Redirects here:

Non-operating subsidiaries, Non-operating subsidiary, Nonoperating subsidiary.

References

[1] https://en.wikipedia.org/wiki/Paper_railroad

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