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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 ?
When, however, he had already his arm out-stretched for that purpose, he felt still more inclined for something else--namely, to lie down beside the tree at the hour of perfect noontide and sleep.
But that perfect state had lacked one thing even for mechanical perfection--absolute permanency.
But a far more important consideration, as I believe, is that, during the process of further modification, by which two varieties are supposed on my theory to be converted and perfected into two distinct species, the two which exist in larger numbers from inhabiting larger areas, will have a great advantage over the intermediate variety, which exists in smaller numbers in a narrow and intermediate zone.
"I am convinced of the perfect practicability of its removal."
Her perfect arm pressed Tarzan closer to her--a smile parted her lips and then she awoke, and slowly the smile faded and her eyes went wide in horror as the significance of the death chant impinged upon her understanding.
"I am indeed, in a certain sense a Circle," replied the Voice, "and a more perfect Circle than any in Flatland; but to speak more accurately, I am many Circles in one." Then he added more mildly, "I have a message, dear Madam, to your husband, which I must not deliver in your presence; and, if you would suffer us to retire for a few minutes " But my Wife would not listen to the proposal that our august Visitor should so incommode himself, and assuring the Circle that the hour of her own retirement had long passed, with many reiterated apologies for her recent indiscretion, she at last retreated to her apartment.
"Yes, my boy, it forms a perfect bar to the Straits of Lybia, and the soundings of Smith have proved that in former times the continents between Cape Boco and Cape Furina were joined."
You say that perfect injustice is more gainful than perfect justice?
Why not amend it and make it perfect before it is irrevocably established?" This may be plausible enough, but it is only plausible.
CONCERNING THE PERFECT WOMAN, AND THEREFORE CONCERNING ALL FEMININE READERS