Secured Transactions

Learn everything about what a check is, how it works, its history, key features, different types, and what happens when a check bounces. Uncover why checks remain a secure and beneficial financial tool.

Dive into the concept of Purchase Money Security Interest (PMSI) and explore how it provides lenders with enhanced security and priority over other creditors. Understand the intricacies and rules to leverage PMSI for financial transactions.