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Investments glossary

Purchase Money Security Interest (PMSI)


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Quotes of the day:

I, on the other hand, have a degree from the University of Life, a diploma from the School of Hard Knocks, and three gold stars from the Kindergarten of Getting the Shit Kicked Out of Me.

— Captain Edmund Blackadder, Blackadder Goes Forth

A purchase money security interest (PMSI) is a legal claim that allows a lender to repossess property financed with its loan or demand repayment in cash if the borrower defaults. It gives the lender priority over other creditors’ claims.


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