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PMSI stands for Purchase Money Security Interest. It is a legal term used in secured transactions, referring to a creditor's security interest in goods that enables them to obtain a loan to purchase those goods. Essentially, it allows the seller or lender to retain a security interest in the property until the buyer fully pays for it. This type of interest is prioritized over other claims against the property, providing additional protection for the seller or lender.
What else can I help you with?
What does experiment design mean?
what does it mean when they mean "design for your experiment"
What does 600k- 400k annual mean?
k mean thousand so 600k mean's 600 thousand 400k mean's 400 thousand
What does co-invented mean?
it mean re invented
What does div mean in music?
What dies div mean in italin
What do you mean by tilling or ploughing?
i don't know what is mean by tilling
If in a secured transaction the original debtor transfers debt to new debtor does the secured party retain PMSI?
Yes.
Can only suppliers of goods can claim purchase-money security interests?
No, purchase-money security interests (PMSIs) can be claimed not only by suppliers of goods but also by lenders who provide financing specifically for the purchase of goods or inventory. A PMSI allows a creditor to secure an interest in the goods purchased with the loan or credit. This type of interest typically gives the creditor priority over other secured creditors. Therefore, both suppliers and certain lenders can claim PMSIs under applicable laws.
What does descriptor mean?
It mean what you don't what does it mean.
What does mean mean in statistics?
Mean is the average.
Who was king Henry and what did he do?
he was a mean person who lived with mean people in a mean castle on a mean hill in a mean country in a mean continent in a mean world in a mean solar system in a mean galaxy in a mean universe in a mean dimension
What does GRI mean?
What does GRI mean? What does GRI mean?
What do the hardens mean mean?
The haudensaunee mean irguios
Do you say 'what does it mean' or 'what is it mean'?
The correct usage is "what DOES it mean"
Does mean mean average?
No, but sometimes "average" means "mean" - when it doesn't mean median, geometric mean, or something else entirely.
What is a metaphor for being mean?
He is as mean as a copperhead snakeHe is as mean as an angry bearHe is as mean as a bottle of brandyHe is as mean a black woman
What is the present and future tenses of the word meant?
Present - I mean, She means. Future - I will mean, She will mean. Past - Meant.
What does what do you mean mean?
as you do
