perfect

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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 ?
The strategies for encoding predication in the past tense are either involve the conjugation of the predicate (obligatory for verbs and optional for non-verbal categories) or alternatively, employment of the copula verb in non-verbal predication.
The form being occurs in the context of the continuous or progressive tense within the passive structure.
None the least, even in Australia, Canada, England, Ireland, New Zealand, Scotland, the United States and Wales - in all of which English has, for very many long centuries, been both the mother tongue and the commanding means of commerce, education, government, production and supplication to the deity - even there, very few individuals seem to have ever even heard of the word paid in any context other than as the past tense form of the infinitive to pay.
For more information about Future Tense and upcoming programs, visit http://www.
According to source, Nawaz cancelled his Tuesday scheduled visit to Karachi due to growing tense political situation after the submission of JIT report.
Central to Cohens explanation of the BH verbal system in general is Reichenbachs (1947) concepts of reference time and relative tense (see also Comrie 1985: 36, 58), in the application of which to BH Cohen follows Hatav (1997).
The current paper provides reasons for the errors of the present simple tense only.
Broad felt today's final morning at the Zahur Ahmed Chowdhury Stadium would be a tense affair.
He could see Breazeale, 30, was anxious ahead of the biggest fight of the American's career because he used to get tense, despite his laidback demeanour.
I shall consider two short examples first, setting the scene, and showing why the difference between marginally productive and unproductive is so important, but the focus of the presentation will be on verbs like swim and verbs like swing and how their past tenses are formed, and how their past-tense formation has developed over a number of centuries.
Morphologically, Pashto1 monotransitives show nominative-accusative case forms in the present and future tenses, and ergative-absolutive case pattern in the past tense.
Tense as a Feature of Perceptual Content, JAN ALMANG