When a seller sells on credit and is given a security interest in the goods,that interest is called:

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A security interest given in goods that are sold on credit is called a purchase money security interest (PMSI). This type of security interest gives the seller priority over other creditors in the event of default by the buyer. It is often used in financing equipment or vehicles, where the seller takes a security interest in the item being sold.

When a Seller Sells on Credit and Is Given a Security