Business and Personal Finance Dictionary

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• PPSA - PERSONAL PROPERTY SECURITY ACT
  
  The system in British Columbia, 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 institu-tion 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.
  
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