PPSA - Personal Property Security Act: Canada Debt .ca defines PPSA - Personal Property Security Act

Bankruptcy Term PPSA - Personal Property Security Act

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Canada Debt has the definition to the bankruptcy and debt term PPSA - Personal Property Security Act. Finding answers to terms such as PPSA - Personal Property Security Act can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. PPSA - Personal Property Security Act in financial terms means...

In debt and bankruptcy terms, the phrase / term 'PPSA - Personal Property Security Act' is used as follows:

The system, for example, in British Columbia and most common-law provinces, whereby a person is required to register any interest that he has in the property of another before the security is valid. The Registry can therefore be used if an institution is considering taking security on various assets, or if a person is contemplating purchasing an item such as a vehicle and wants to ensure that he purchases it free and clear of any encumbrances.