Question 1 Not yet Settlement Choose... answered Choose... Marked out of 5.00 P Flag question Secured transaction purchase money security interest (PMSI) Receivership Choose... Choose... Choose... transfer of assets where nominal or no consideration is involved. after a creditor has taken possession of collateral, the right of the debtor to reclaim it on payment of any money owing. a proceeding in which a receiver is appointed for an insolvent corporation, partnership, or individual to take possession of its assets for a security interest on specific goods that has priority over a general security agreement provided it is registered within a specified time. a collateral right to debt giving the creditor the right to take back the goods or intercept the debt owing used as security in the event of de