Business and Personal Finance Dictionary

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• PURCHASE GROUP - See: Underwriting syndicate
  
  
• PURCHASE LOAN - A consumer loan taken to finance a purchase.
  
  
• PURCHASE METHOD - a merger accounting treatment whereby a buyer purchases the assets (and liability obl...
  
  
• PURCHASE METHOD OF ACCOUNTING - ACCOUNTING for a MERGER by adding the acquired company's ASSETS at the ...
  
  
• PURCHASE MONEY AGREEMENT - an agreement under which a person pledges the property or item bought as sec...
  
  
• PURCHASE MONEY INTEREST - A security interest in a debtor's property that is created when the creditor'...
  
  
• PURCHASE MONEY MORTGAGE - A mortgage used for the acquisition of a property.
  
  
• PURCHASE MONEY MORTGAGE (PMM) - See "mortgage back". A loan from the vendor to the purchaser to help fi...
  
  
• PURCHASE MONEY SECURITY INTEREST (PMSI - PRONOUNCED "PIMZEE") - A security that a person takes in prope...
  
  
• PURCHASE MONEY TRANSACTION - The acquisition of property through the payment of money or its equivalent...