perfection of security interest — In secured transactions law, the process whereby a security interest is protected, as far as the law permits, against competing claims to the collateral, which usually requires the secured party to give public notice of the interest as by filing… … Black's law dictionary
Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… … Wikipedia
Perfection (law) — In law, perfection relates to the additional steps required to be taken in relation to a security interest in order to make it effective against third parties and/or to retain its effectiveness in the event of default by the grantor of the… … Wikipedia
security — Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc., given by a debtor in order to assure the payment or performance of his debt, by furnishing the creditor with a resource… … Black's law dictionary
perfection — I noun accomplishment, achievement, attainment, climax, completeness, completion, consummation, correctness, crown, crowning point, culmination, development, effectuation, elaboration, entireness, exactitude, exactness, excellence, faultlessness … Law dictionary
Perfection (disambiguation) — Perfection or perfectionism may refer to any of the following:*Perfection, a philosophical concept related to idealism * Perfection (song), the second single from Australian singer Dannii Minogue s greatest hits album, The Hits and Beyond… … Wikipedia
perfection certificate — USA A certificate, delivered by the borrower to the lender that describes collateral that the borrower owns and other details about the loan parties, such as correct legal names, is a typical condition precedent in a secured loan agreement. An… … Law dictionary
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 — The name for a procedure established by Article 9 of the Uniform Commercial Code. Creditors must comply with this procedure in order to establish the priority of their security interest in personal property relative to the priority of security… … Financial and business terms
security agreement — An agreement between one or more debtors and one or more creditors in which the debtor grants the creditor an interest in the debtor s personal property as collateral for the debt. (Alternatively or in addition, the collateral may be property… … Financial and business terms
Presidential Security Group — Infobox Military Unit unit name= Presidential Security Group caption= Coat of Arms of the PSG dates= March 6, 1897 Present country= flagicon|Philippines Philippines allegiance= branch= None [PSG is a joint AFP PNP service unit] type= role= VIP… … Wikipedia