Glossary of Bankruptcy

PMSI

PMSI

(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 Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms2012.

• POSTPETITION CREDIT
• POSTPETITION