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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 ?
That's when I understood that seeking perfection can damage your business in a lot of ways.
This year, the magazine has selected the Wakaya Perfection Beauty & Wellness Collection, which includes three beauty and wellness products that rejuvenate the body using rare and proprietary Organic Pink Fijian Ginger.
Birds Eye is expanding its Bake to Perfection range into shellfish with the launch of three king prawn variants this month.
Elster Perfection and National Fuel, Williamsville, NY, are commemorating 20 years of success as partners in the development of the Elster Perfection Polyethylene Shut-Off Valve (PSV).
His scientific research into the origins and influences of dishes explores ways of cooking them to perfection and features a focus on what makes recipes stand out from the crowd.
The problem lies, however, not with the question of whether we should pursue perfection, but rather what perfection we are pursuing.
has launched its newest consumer scanners -- the Epson Perfection V350 Photo and Epson Perfection V100 Photo, targeting chief memory officers, photo enthusiasts and advanced amateur photographers who want to easily restore and archive their cherished photos, negatives and slides, as well as scan items for creative projects with ease.
Before you grumble that aiming for perfection has to be a good thing, consider this: It's not a good thing if aiming for perfection takes time away from doing the day-to-day things that have to be done.
The company introduced three new scanners: Perfection 4490 Photo, Perfection 3590 Photo and Perfection 3490 Photo.
Imaging products supplier Epson has announced the addition of two new scanners to the Epson range, the Perfection 3490 Photo and the Perfection 3590 Photo.
Formal engineering courses often bypass such topics as how models remain imperfect and under-developed: Approximating Perfection surveys these and other issues, emphasizing underlying logic and parallels between mechanics and math.
We are constantly pursuing perfection, and we stand behind that uniqueness with our guarantee.