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    British Columbia Purchase Money Security Agreement


    When you sell inventory on credit to a distributor, make sure you protect your security interest in those goods until you're paid in full under this Purchase Money Security Agreement for BC.

    • The contract attaches a purchase money security interest (PMSI) to the goods being sold, which then become collateral under the Agreement.
    • The supplier (secured party) extends credit to the customer (debtor) for the purchase of the inventory, and the debtor agrees to pay the purchase amount in a series of instalment payments.
    • In return for being allowed to pay over time, the debtor grants the secured party a PMSI over the goods and over the proceeds that will be realized from the goods.
    • This is a downloadable legal form intended for use in the Province of British Columbia, Canada.
    Download Type: Microsoft Word
    Last Updated: 31-March-2021
    SKU: 9155