Glossary of Terms
Bankruptcy / Proposal / Financial Glossary |
| You can always search for entries (regexp permitted). | |
|
Submit Term | |
| PPSA | Personal Property Security Act: The system, in most common-law provinces, whereby a person is required to register any interest that he has in the property of another before the security is valid. The Registry can therefore be used if an institution is considering taking security on various assets or if a person is contemplating purchasing an item such as a vehicle and wants to ensure that he purchases it free and clear of any encumbrances. |
| Glossary V2.0 | |