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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 classic literature ?
His object was to realise his own perfection as an artist, under certain conditions, and in certain forms of Art.
For an educated person's ideas of Art are drawn naturally from what Art has been, whereas the new work of art is beautiful by being what Art has never been; and to measure it by the standard of the past is to measure it by a standard on the rejection of which its real perfection depends.
It is the perfection that is inherent in every mode of life, and towards which every mode of life quickens.
There he is one maimed and marred; one who is not comely to look on, because Beauty is a joy; one who is not in fair raiment, because that may be a joy also: he is a beggar who has a marvellous soul; he is a leper whose soul is divine; he needs neither property nor health; he is a God realising his perfection through pain.
No one who lived in modern Russia could possibly realise his perfection except by pain.
Pain is not the ultimate mode of perfection. It is merely provisional and a protest.
It will be complete, and through it each man will attain to his perfection. The new Individualism is the new Hellenism.
In addition, the Perfection V350 Photo features a unique Automatic Film Loader (AFL) built into the top of the scanner lid for effortless film scanning of 35mm film strips, up to six frames at a time.
Featuring more than 20 actors, original sound effects, a full orchestral score, and a total running time of two hours on two CDs, Anne Manx On Amazonia from Radio Repertory Company Of America starring Claudia Christian, Barbara Harris, and Patricia Tallman is an superbly recorded science fiction story involving Anne Manx, a private investigator hired in aide of a clone of Amazonia's queen in an attempt to attain perfection after a previous faulty cloning attempt (cloning being the means by which the succession to the throne of Amazonia is accomplished).
However, if we demote meaning and instead promote body image and ego, then our inclination towards perfection, meant for our inner qualities, will transfer to the perfection of externals.
has announced the latest addition to its Perfection line of scanners with the Epson Perfection 4490 Office model.
Sometimes, "the perfect is the enemy of the good." Before you grumble that aiming for perfection has to be a good thing, consider this: It's not a good thing if aiming for perfection takes time away from doing the day-to-day things that have to be done.