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22:15 Dec 1, 2010
English to Spanish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:Non purchase money security interest
Despite any other provision of this agreement, lender is not granted, and will not have, a non purchase money security interest in household goods.
Reference information: The other kind of consensual lien, the non purchase-money security interest, apart from being a mouthful, is somewhat less common. You’re likely to come across it if you’ve been given a small loan from a store front lender such as American General or Beneficial. These lenders will secure the loan by getting you to sign over a lien on your household goods. http://www.billsbills.com/bankruptcy-blog/help-a-nonpurchase...
lorenab23 United States Native speaker of: English, Spanish PRO pts in category: 29