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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 classic literature ?
To any one who merely contemplates a map of the country this difficulty of getting from Godin to Malade River will appear inexplicable, as the intervening mountains terminate in the great Snake River plain, so that, apparently, it would be perfectly easy to proceed round their bases.
Toby was now in ecstasies, especially as the young savages continued to reiterate their answer with great energy, as though desirous of impressing us with the idea that being among the Happars, we ought to consider ourselves perfectly secure.
I accepted the invitation with a worldly grin and a perfectly just intonation, because I really didn't care what I did.
Mary had no feelings to make her respect her sister's in a common way, but she was perfectly unsuspicious of being inflicting any peculiar wound.
I had perfectly considered the possibility that she would destroy her papers on the day she should feel her end really approach.
We had been friends, quite good friends; but never could I get beyond the same comradeship which I might have established with one of my fellow-reporters upon the Gazette,--perfectly frank, perfectly kindly, and perfectly unsexual.
Then we are on very unequal terms, for I understand you perfectly well.
Well, you will be coming," he was going to say, "to dine," but changed his mind and said "to take tea with us," and quickly doubling up his tongue he blew a small round ring of tobacco smoke, perfectly embodying his dream of happiness.
I shall be able to give him a testimonial with a perfectly clear conscience.
Hardyman, perfectly indifferent whether Lady Lydiard's steward spoke or not, turned on his saddle and looked admiringly at Isabel.
I like to watch faces, and I seldom see a grown-up one that looks perfectly happy.
Thirdly and Lastly): That Characters which may not have appeared, and Events which may not have taken place, within the limits of our own individual experience, may nevertheless be perfectly natural Characters and perfectly probable Events, for all that.