perfection

perfection
I noun accomplishment, achievement, attainment, climax, completeness, completion, consummation, correctness, crown, crowning point, culmination, development, effectuation, elaboration, entireness, exactitude, exactness, excellence, faultlessness, finish, lawlessness, fulfillment, fullness, goodness, height, highest degree of proficiency, idealization, impeccability, paragon, peak, pinnacle, pinpoint precision, preeminence, quintessence, realization, refinement, summit, superiority, transcendence, ultimate, wholeness associated concepts: perfection of a lien II index amendment (correction), maturity, progress

Burton's Legal Thesaurus. . 2006


perfection
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.

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  • perfection — [ pɛrfɛksjɔ̃ ] n. f. • v. 1150; lat. perfectio, onis « complet achèvement » I ♦ Degré le plus haut dans une échelle de valeurs. 1 ♦ État, qualité de ce qui est parfait, spécialt dans le domaine moral (bien) et esthétique (beau). « C est à la… …   Encyclopédie Universelle

  • perfection — Perfection. s.f. Qualité de ce qui est parfait dans son genre. En ce sens il n a point de pluriel. Grande perfection. tendre à la perfection. atteindre à la perfection. chercher la perfection. approcher de la perfection. travailler à la… …   Dictionnaire de l'Académie française

  • Perfection — Per*fec tion, n. [F. perfection, L. perfectio.] 1. The quality or state of being perfect or complete, so that nothing requisite is wanting; entire development; consummate culture, skill, or moral excellence; the highest attainable state or degree …   The Collaborative International Dictionary of English

  • perfection — When a secured creditor has taken the required steps to perfect his lien, the lien is senior to any liens that arise after perfection. A mortgage is perfected by recording it with the county recorder; a lien in personal property is perfected by… …   Glossary of Bankruptcy

  • perfection — early 13c., from O.Fr. perfection (12c.), from L. perfectionem, noun of action from perficere (see PERFECT (Cf. perfect) (adj.)) …   Etymology dictionary

  • perfection — Perfection, Consummatio, Perfectio, Absolutio, Expletio. Adjouster la perfection à l oeuvre, Palaestram et liniamenta vltimae expolitionis addere operi vel arti, B. ex Cic …   Thresor de la langue françoyse

  • perfection — [pər fek′shən] n. [ME perfeccioun < OFr < L perfectio] 1. the act or process of perfecting 2. the quality or condition of being perfect; extreme degree of excellence according to a given standard 3. a person or thing that is the perfect… …   English World dictionary

  • Perfection — Per*fec tion, v. t. To perfect. [Obs.] Foote. [1913 Webster] …   The Collaborative International Dictionary of English

  • perfection — virtue, merit, *excellence Antonyms: failing …   New Dictionary of Synonyms

  • perfection — [n] achievement, completeness accomplishment, achieving, acme, arete, completion, consummation, crown, ending, entireness, evolution, exactness, excellence, excellency, exquisiteness, faultlessness, finish, finishing, fulfillment, ideal, idealism …   New thesaurus

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