Content-type: text/html KB Version 2

KB Version 2


Purchase money security interest

Average score: 0 (total votes: 0)

  1. A security interest taken by a secured party in assets acquired by a debtor where either the secured party sold the asset to the debtor on credit and retained a security interest in the asset sold as security to repay the loan or where the secured party made a loan to enable the debtor to acquire the asset and took a security interest in the asset as security for the enabling loan.
« Prospectus | printable | add bookmark | Purpose credit »

Printed from http://uccstuff.com?function=display&id=ID160500.