The obligation secured by a purchase-money security interest under the Uniform Commercial Code (UCC § 9-103(a)(2)).

In asset-based lending, a floor plan lender may obtain a purchase-money security interest in an asset if the asset is collateral securing the dealer's purchase-money obligation to pay all or part of its purchase price, or to secure a loan given to the dealer to allow it to buy the asset (UCC § 9-103(a)).