This book examines the legal framework for secured credit set out in the Personal Property Security Act. First proclaimed by Ontario in 1976, the PPSA is in force today in all nine common law provinces and the three federal territories. This second edition updates the area of personal property security law in Canada with new caselaw, including some important SCC cases clarifying the law or providing the conceptual basis for its further amplification. In addition, the book covers significant changes to legislation which interfaces with the PPSA, such as the Securities Transfer Acts and their Quebec equivalent, now brought into effect in most Canadian jurisdictions.