perfected

perfected
per·fect·ed /pər-'fek-təd/ adj: completed in accordance with statutory procedure for giving notice and thereby having a status of priority over security interests that are the subject of such procedure at a later date or that are not the subject of such procedure
settling a priority contest between the two perfected security interests

Merriam-Webster’s Dictionary of Law. . 1996.

perfected
index choate lien, elaborate

Burton's Legal Thesaurus. . 2006


perfected
Having completed all necessary legal steps to achieve a result, such as completing and filing the necessary documents to record a security interest. (See: perfect)
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
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Nolo’s Plain-English Law Dictionary. . 2009.

perfected
USA
perfected, Also known as perfection.
A UCC concept relating to a security interest in collateral provided by a debtor to secure performance of obligations in favor of a creditor. In order for a creditor to enforce its rights against the debtor and the collateral vis-à-vis third parties, the creditor must have perfected its security interest in the collateral under the UCC. To be perfected, the creditor must satisfy certain requirements set out in the UCC which depend on the type of collateral. For example, filing a UCC-1 in the appropriate filing office of the debtor will typically perfect the creditor's security interest for most types of collateral.
For further information, see Practice Note, UCC: Creation, Perfection and Priority of Security Interests (www.practicallaw.com/6-381-0551).
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


perfected
adj. A claim is said to be perfected if all steps required to put a claim right, or in final conformity with statutes, have been taken, and the litigant can proceed to an appellate court.

Webster's New World Law Dictionary. . 2000.

perfected
adj.
   having completed all necessary legal steps to achieve a result, such as perfected title to property.
   See also: perfect

Law dictionary. . 2013.

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Look at other dictionaries:

  • perfected — im·perfected; perfected; un·perfected; …   English syllables

  • Perfected — Perfect Per fect, v. t. [imp. & p. p. {Perfected}; p. pr. & vb. n. {Perfecting}.] [L. perfectus, p. p. of perficere. See {Perfect}, a.] To make perfect; to finish or complete, so as to leave nothing wanting; to give to anything all that is… …   The Collaborative International Dictionary of English

  • perfected — adjective that has been made perfect: The perfected speech was better, but all spontaneity had been lost …   Wiktionary

  • perfected — perfect or perfected Complete; finished; executed; enforceable; without defect; merchantable; marketable. Brought to a state of perfection. As to perfect equity perfect obligation perfect ownership perfect title perfect usufruct, see those titles …   Black's law dictionary

  • perfected — adjective (of plans, ideas, etc.) perfectly formed a graceful but not yet fully perfected literary style • Similar to: ↑formed …   Useful english dictionary

  • perfected lien — USA In the context of bankruptcy, a lien satisfies the statutory requirements for obtaining priority over liens subject to the same requirements. State law generally governs these requirements. For example, certain lien types become perfected… …   Law dictionary

  • perfected condition — index maturity Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Perfected Lien — A security interest in the collateral that is used to secure the performance of a debt that is protected from third party claims. A perfected lien for real property must be filed with the correct legal authority. Perfected liens for real estate… …   Investment dictionary

  • perfected — Synonyms and related words: SOL, accomplished, advanced, all bets off, all off, all over, all up, ameliorated, archetypical, at an end, beautified, bettered, canceled, civilized, classic, complete, concluded, consummate, converted, cultivated,… …   Moby Thesaurus

  • perfected — (Roget s IV) modif. Syn. completed, consummate, developed, mature, conclusive, full, elaborate, thorough; see also finished 1 , fulfilled , ripe 3 …   English dictionary for students

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