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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 ?
Process Perfecter combines steady-state optimization with non-linear model predictive control to deliver an advanced process control solution capable of managing process setpoints and transitions.
O'Collins points us to Hebrews 12:2, which refers to Jesus as the pioneer and perfecter of our faith.
Easter victory is described in Hebrews 12: "Let us fix our eyes on Jesus the author and perfecter of our faith, who for the joy set before Him, endured the cross, scorning its shame, and sat down at the right hand of the throne of God.
In our coming together as the Communion of Churches in India, "the body of Jesus Christ", our task is to illumine the Christ-likeness within us so that all may be drawn to Him who is "the author and perfecter of our faith".
The company's XCD (pronounced "exceed") Perfecter, a skin-smoothing gel that provides a matte finish, won the award of "Best Grooming Innovation," in FHM magazine's annual grooming awards competition.
Perfecter is a smoothing and mattifying gel designed to make skin look brighter, smoother and well rested.
And, now, as it says in the letter to the Hebrews: "Since we are surrounded by so great a cloud of witnesses, let us also lay aside every weight and the sin that clings so closely, and let us run with perseverance the race that is set before us, looking to Jesus the pioneer and perfecter of our faith .
She sees Shakespeare as repudiating 'neoclassical verisimilitude and conceptions of art as the perfecter of nature', distinguishing 'mimetic illusion, which is treated within the plays as an activity which falsifies human life, from dramatic illusion, the self-proclaimed fiction which paradoxically explores realities and compels belief' (p.
Therefore, since we are surrounded by so great a cloud of witnesses, let us also lay aside every weight and the sin that clings so closely and let us run with perseverance the race that is set before us, looking to Jesus the pioneer and perfecter of our faith (Heb.
For, no man, so so one as he knowes this, or reades it, shall be able to write the better; bur as he is adapted to it by Nature, he shall grow the perfecter Writer.
The robustness of Process Perfecter is demonstrated by the continued operator acceptance and use through changing process conditions.
What Hebrews affirms, that Jesus has passed through all the stages of human life in order to enter into his glory (2:5-18; 12:2, "the pioneer and perfecter of our faith"), is a central thesis of contemporary African Christology.