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Simple English definitions for legal terms
rolling stock
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A quick definition of rolling stock:
Rolling stock refers to the vehicles that are used on a railroad, such as trains, locomotives, and rail cars. These are owned by the railroad company and are used to transport people and goods from one place to another.
A more thorough explanation:
Definition: Rolling stock refers to movable property that is owned by a railroad, such as locomotives and rail cars.
Examples:
- A freight train consisting of multiple rail cars carrying goods across the country.
- A passenger train with several coaches and a locomotive pulling it along the tracks.
These examples illustrate rolling stock because they are both movable property that is owned by a railroad. The freight train is made up of multiple rail cars that are used to transport goods, while the passenger train has coaches for people to sit in and a locomotive to pull it along the tracks.