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Purchase Money Security Interest (PMSI - pronounced ""pimzee"")
A security that a person takes in property, such as inventory for example, that secures payment with regard to those assets of all or part of its purchase price.
SEIZE, SEIZURE
To take legal possession of property; the act of doing so.
Selling, General Administrative Expenses
Selling, General and Administrative expense: The expenses involved in running a business.
SERVE, SERVICE
To deliver a legal document to a person: the act of doing so either by mail, in person, or as authorized by Rules of the Small Claims Court or by court order.
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