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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
So there you have it, a more "perfecter" example of perfection, courtesy of Robbie Barrkman and the crew at Robar.
For Pound, Gaudier is the ultimate perfecter of this aesthetic program, and he describes him as the telos of history.
Like many of the animals Moore celebrates, by continuing rather than ending the signifying chain, the chameleon is a discursive "perfecter, and so a concealer" ("Then the Ermine," Poems 161).
But he was also cribbing from Acts 3:15 ("You killed the author of life") and Hebrews 12:2 ("Let us fix our eyes on Jesus, the author and perfecter of our faith").
Dirac (1963), after working out the behavior of electrons, could say that physical theories with some physical beauty are also the ones most likely to be correct, and why Hermann Weyl (1956), the perfecter of quantum and relativity theory, made an even franker confession: "My work has always tried to unite the true with the beautiful; but when I had to choose one or the other, I usually chose the beautiful."
What McCarthy sees as a co-operation between literature and philosophy in the eighteenth century begins, Saul suggests in 'The Pursuit of the Subject: Literature as Critic and Perfecter of Philosophy 1790-1830', to break down in the epoch of Classicism and Romanticism.
It is especially disturbing that this should be happening here, for America is the heir and perfecter of the great Roman idea of the civis, a country where nationality has nothing to do with ethnicity (24).
The inspiration for the image comes from Hebrews 12:2: "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."
Finding in Jesus "the pioneer and perfecter of their faith, who for the joy that was set before him endured the cross" (Heb.
Paul admonishes in the book of Hebrews, "run with endurance the race fixed before you, fixing your eyes on Jesus, the author and perfecter of faith.
Democracy and Distrust(31) is an extended argument for the proposition that the Court should not act as an elite impediment to what it takes to be the substantive excesses of the politically responsible branches but, on the contrary, as a perfecter of the democratic process.