perfect

(redirected from perfectness)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

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 ?
It simply moves the action to the virtual world (as in (10) and (11)), but cannot signal its perfectness.
This solution concept also implies Markov perfectness, or strong time consistency, and can be regarded as a limiting case of a feedback Nash equilibrium solution.
Reinhard Selten (1975), "Reexamination of the Perfectness Concept for Equilibrium Points in Extensive Games", International Journal of Game Theory, vol 4, pp 25-55.
The perfectness of KR crystals ensures that they are related to highest weight affine crystals via the construction in [17].
Selten, Reexamination of the Perfectness Concept for Equilibrium Points
The visit aimed at ensuring that the construction projects are carried out as planned and also to have a closer look at the role and the sustainability and perfectness of the provision of facilities.
To place the ball between fielders, you have to deviate a bit from perfectness," he said.
A California participant stated that "spirituality is about seeing the perfectness in everything .
In an 1840 letter to Richard Hengist Horne, Barrett says, "God's will--so high above humanity, that its goodness & perfectness cannot be scanned at a glance,--wd, be very terrible if it were not for His manifested love-manifested in Jesus Christ.
Perchance thou art too pure, and dost surpass Too far amid th' Ideas ranged high In the Eternal Reason's perfectness, To our deject and most imbased eye To look unharmed on thy integrity, Symbol of Love, and Truth, and all that cannot die.
Iconometry (chag tshad) can be regarded as the central grammar of Tibetan art in order to establish the perfect form as a standard for the perfectness of mind and for the representation of the perfect Buddha nature.
Control (monitoring) of detection procedures (technologies creates opportunities to strive for performance, perfectness, technical and economical rationality, adaptivity, flexibility of these procedures and to increase the level of their intellectuality.