perfect

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Related to tense: future tense, past tense, perfect tense, present perfect tense, present tense, Verb tense

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 ?
Oh, it is the saddest tense," sighed Rebecca with a little break in her voice; "nothing but IFS, IFS, IFS
They followed him up the bank attempting the tense yet nonchalant expression that is suitable for ladies on such occasions.
All were young and pretty, and bathed in summer bloom; but not one had the nymph- like ease of his wife, when, with tense muscles and happy frown, she bent her soul upon some feat of strength.
Instantly I sprang toward it to wrench it open again, for something in the uncanny movement of the thing and the tense and almost palpable silence of the chamber seemed to portend a lurking evil lying hidden in this rock-bound chamber within the bowels of the Golden Cliffs.
As though turned to stone I sat in tense and rigid silence, straining my eyes into the utter darkness before me in an effort to discover if the boat were occupied.
The arms and legs were so thin that there was no shape in them, and the ribs stood out so that the skin over them was tense.
It besieged with its last palpitations the tense extremities; it ended by yielding as midnight struck.
By the way, the questions were all written in the past tense.
Jim's ears were standing erect upon his head and every muscle of his big body was tense as he trotted toward home.
As I stood there, tense and silent, listening for the first faint sound that should announce the approach of my enemies, a slight noise from within the cave's black depths attracted my attention.
For an instant the King stood as tense and white as though the hand of death had reached out and touched his heart with its icy fingers.
They're not in the past tense," retorted Aunt Jamesina.