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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 ?
More importantly, because Our Federalism is so different from your father's federalism, this imperfect system is more perfectible than it once was.
23) Postmodern theories of education, including the ideology of "life-long learning," are opposed to classical humanism in that they view humans not as perfectible individuals, but as units constantly to be trained and retrained to meet the changing needs of a global economy.
His devotion to the perfectible realm, first of mathematics, then of art, is a substitution for life.
This adherence to the idea of Arts and Crafts as a perfectible design creed is my only major cavil with Tankard's otherwise excellent--and beautifully produced--book on the subject.
A dispassionate reading of the survey results suggests the public has little faith in the path the country is on and that Mexico is dangerously close to seeing the progress of recent decades put at risk, while its frustrated citizens overlook the mantra that "democracy is always perfectible.
Freud and his kin also squashed the notion of the Rational and Perfectible Human.
The image of Jerusalem as a city of the "Palestinian-naturalized" Christ or virtually the perfectible land where the Palestinians have their history, geography and identity, continues to dominate Jabra's second novel, The Ship.
Toutefois, les concepteurs de ce nouvel indicateur temoignent qu'il est perfectible, car il presente cinq lacunes principales :
My guess is that criminal procedure is simply not perfectible.
In our essence we are pure and perfectible, just as God made us
Yet the moment of change is rarely perfectible, and its identification makes manifest the manufactured quality of the discourse--its mythos.