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perfect

(pronounced with the emphasis on the second syllable, not the first) To complete all steps necessary to establish a security interest in property that will take priority over later lenders. As between a lender and a borrower, a mortgage is effective and enforceable even if it is never recorded in the real estate records. If a third party, such as another lender, loans money to the debtor and records its own mortgage, then the second lender will have first rights in the property. The recordation of the mortgage, or of a UCC-1 for personal property, is called perfecting a security interest.Note:The UCC-1 is named for the Uniform Commercial Code form used to record notice of a security interest in personal property.

References in periodicals archive ?
Greater Control and Efficiency: -- Variable Dynamics -- Variable dynamics is a key feature of Process Perfecter 7 and allows a controller to operate over a greater operating range than ever before and with greater consistency in set-point transition.
4: "Unde prima causa huius diversitatis accipienda est ex parte ipsius Dei, qui diversimode suae gratiae dona dispensat, ad hoc quod ex diversis gradibus pulchritudo et perfectio Ecclesiae consurgat: sicut etiam diversos gradus rerum instituit ut essenl universum perfecter.
The Perfecter is perhaps the one that will become the most useful to any male who lives by the rules that a 'man's work is never done', as it proves to be a useful pick me up for the morning after the night before.
Pavilion's Process Perfecter is a multivariable predictive control and optimization software that will enable Golden Bay Cement to reduce operating costs, increase production and improve product quality.
Completed in just five months, the pilot project quickly demonstrated value by using Pavilion's Process Perfecter APC solution to reduce melt index variability by 10 to 20 percent.
Process Perfecter was the first nonlinear control and optimization solution in the marketplace and is in use by more polymer lines than any other commercial APC solution.
Pavilion's Process Perfecter provides an alternative that enables them to battle high energy prices, while having a positive impact on production simultaneously.
In May 2003, ATOFINA deployed Pavilion's Process Perfecter at its HDPE production facility in Gonfreville, France.
Pavilion's flagship APC and optimization software solution, Process Perfecter, optimizes the production of billions of pounds of polymer annually, creating hundreds of millions of dollars in value for its customers.
Pegasus Technologies is pleased to announce that they entered into an exclusive agreement with Alstom Power Customer Services China for the Power Perfecter product.
Process Perfecter allows styrene producers to control and optimize plant operations relative to production, quality and economic objectives.