PMSI definition

PMSI means purchase-money security interests as defined in the PPSA;
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PMSI means a purchase money security interest as defined in section 14 of the PPSA.
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PMSI means a purchase money security interest as defined by the PPSA.
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Examples of PMSI in a sentence

  • This unique position under UCC Article 9 means that if a transaction qualifies as a PMSI, the secured party can achieve a superior position in relation to other secured parties who may have perfected their security interests before them.

  • This shall also create a Purchase Money Security Interest (PMSI).

  • Purchase Money Security Interest (PMSI): A distinct type of security interest, PMSI comes into play when a lender furnishes funds specifically to acquire the collateral.

  • A PMSI is an exception to the general first-in-time rule, offering secured creditors who meet its requirements a significant advantage.

  • When the music stops and it’s time to claim chairs (or assets), the PMSI is always ahead of the game, ensuring that its investment isn’t left standing when the financial ‘musical chairs’ comes to an end.


More Definitions of PMSI

PMSI means a purchase-money security interest under the Personal Property Security Act;
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PMSI means purchase-money security interests or purchase-money liens;
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PMSI means a purchase money securities interest and has the meaning given in section 14 of the PPSA;
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PMSI means a purchase money security interest as defined in Section 9-312 of the Uniform Commercial Code.
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PMSI means a purchase money security interest as defined in the PPSA. PPSR means the Personal Property Securities Register.
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PMSI means a purchase money security interest as that term is defined in the PPSA.
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PMSI means a purchase money security interest under section 14 of PPSA. “PPSA” means the Personal Property Securities Act 2009 and its Regulations. “Price” means the price stated in the order form.
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