- perfected security interest
- A collateral interest in personal property collateral that has been properly documented.See security agreement and perfection. American Banker Glossary
Financial and business terms. 2012.
perfected security interest
Look at other dictionaries:
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 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
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… … Law dictionary
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
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 — 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
senior interest — A debt security or preferred share that has a claim prior to that of junior obligations or common shares on a corporation s assets and earnings. An interest or right that takes effect or has preference over that of others; e.g. a person with a… … Black's law dictionary
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 perfection of… … Black's law dictionary
Charter School (Massachusetts) — Charter schools operate with considerably more independence than traditional public schools. They are free to structure their curriculum and school environment; for instance, many charter schools fit more instructional hours into a year by… … Wikipedia
preferred — Possessing or accorded a priority, advantage, or privilege. Generally denoting a prior or superior claim or right of payment as against another thing of the same kind or class; e.g. creditor with perfected security interest @ preferred creditor… … Black's law dictionary
