• US Legal Forms

Idaho Purchase Money Security Agreement in Inventory along with Promissory Note

State:
Multi-State
Control #:
US-0891BG
Format:
Word; 
Rich Text
Instant download

Description

A purchase money security interest is a security interest or claim on property that enables a lender who provides financing for the acquisition of goods or equipment to obtain priority ranking ahead of other secured creditors. A purchase money security interest allows lenders to repossess goods that have been purchased with funds borrowed from them if the borrower defaults.
Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

Trusted and secure by over 3 million people of the world’s leading companies

Idaho Purchase Money Security Agreement in Inventory along with Promissory Note