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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 ?
Speaking to ANI, Ganguly said, "Even in today's date, the situation in West Bengal is still very tense. During the Panchayat elections, lakhs of people were not allowed to vote.
Those are examples of the perfect tense outside the passive structure.
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The 'coot core will also receive a brand-new level called Future Tense. Developed by Vicarious Visions,
None the least, even in Australia, Canada, England, Ireland, New Zealand, Scotland, the United States and Wales - in all of which English has, for very many long centuries, been both the mother tongue and the commanding means of commerce, education, government, production and supplication to the deity - even there, very few individuals seem to have ever even heard of the word paid in any context other than as the past tense form of the infinitive to pay.
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In the forty chapters, the book covers the most important elements of Swahili morphosyntax, including a separate chapter for each Swahili verb form: passive, stative, causative, prepositional, and reciprocal (which the book's blurb somewhat inaccurately describes as 'various verb typologies'); basic tenses (present, past, future); conditional tenses (nge, ngali and -ki-), as well as the -ka tense, which is unique to Swahili and Bantu languages; and the subjunctive tense/mood.
The Verbal Tense System in Late Biblical Hebrew Prose.