purchase-money obligation

purchase-money obligation
USA
The obligation secured by a purchase-money security interest under the Uniform Commercial Code (UCC § 9-103(a)(2)).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • purchase — Transmission of property from one person to another by voluntary act and agreement, founded on a valuable consideration. Spur Independent School Dist. v. W. A. Holt Co., Tex.Civ.App., 88 S.W.2d 1071, 1073. To own by paying or by promising to pay… …   Black's law dictionary

  • Money laundering — is the process of disguising illegal sources of money so that it looks like it came from legal sources.[1] The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote… …   Wikipedia

  • money — moneyless, adj. /mun ee/, n., pl. moneys, monies, adj. n. 1. any circulating medium of exchange, including coins, paper money, and demand deposits. 2. See paper money. 3. gold, silver, or other metal in pieces of convenient form stamped by public …   Universalium

  • obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… …   Black's law dictionary

  • Money — For other uses, see Money (disambiguation). Coins and banknotes – the two most common physical forms of money …   Wikipedia

  • Money-Purchase Pension Plan — A pension plan to which employers and employees make contributions based on a percentage of annual earnings, in accordance with the terms of the plan. Upon retirement, the total pool of capital in the member s account can be used to purchase a… …   Investment dictionary

  • Money order — Order Or der, n. [OE. ordre, F. ordre, fr. L. ordo, ordinis. Cf. {Ordain}, {Ordinal}.] [1913 Webster] 1. Regular arrangement; any methodical or established succession or harmonious relation; method; system; as: (a) Of material things, like the… …   The Collaborative International Dictionary of English

  • Collateralized debt obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Collateralized mortgage obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • Collateralized loan obligation — Collateralized loan obligations (CLOs) are a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. A CLO is a type of… …   Wikipedia

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