Purchase Money Security Interest: Canada Debt .ca defines Purchase Money Security Interest

Bankruptcy Term Purchase Money Security Interest

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Canada Debt has the definition to the bankruptcy and debt term Purchase Money Security Interest. Finding answers to terms such as Purchase Money Security Interest 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. Purchase Money Security Interest in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Purchase Money Security Interest' is used as follows:

PMSI - pronounced pimzee. A security that a person takes in property, such as inventory for example, that secures payment with regard to those assets of all or part of its purchase price.