Financial and business terms. 2012.
purchase-money security interest — (PMSI) USA A special type of security interest provided for under the Uniform Commercial Code to enable purchases of property (UCC § 9 324). A lender that advances money used by a buyer to make a purchase or a seller that e … Law dictionary
purchase money security interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. purchase money security interest … Law dictionary
Purchase Money Security Interest — (Purchase Money Security Interest or 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. (Dictionary of… … Glossary of Bankruptcy
purchase-money obligation — USA The obligation secured by a purchase money security interest under the Uniform Commercial Code (UCC § 9 103(a)(2)). Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim … Law dictionary
purchase — pur·chase 1 vb pur·chased, pur·chas·ing vt 1: to acquire (real property) by means other than descent or inheritance 2: to obtain by paying money or giving other valuable consideration; specif: to take (property) by a voluntary transaction (as a… … Law dictionary
money — moneyless, adj. /mun ee/, n., pl. moneys, monies, adj. n. 1. any circulating medium of exchange, including coins, paper money, and demand deposits. 2. See paper money. 3. gold, silver, or other metal in pieces of convenient form stamped by public … Universalium
purchase — Transmission of property from one person to another by voluntary act and agreement, founded on a valuable consideration. Spur Independent School Dist. v. W. A. Holt Co., Tex.Civ.App., 88 S.W.2d 1071, 1073. To own by paying or by promising to pay… … Black's law dictionary
Interest — For other uses, see Interest (disambiguation). Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money,[1] or money earned… … Wikipedia
interest — the cost of borrowing money. Glossary of Business Terms What is paid to a lender for the use of his money and includes compensation to the lender for three factors: 1) Time value of money (lender s rate) the value of today s dollar is more than… … Financial and business terms
