MLchartDataset catalogue

Perfect

Term · Law · MLC-T-LAW-003708

To complete or make legally effective, especially in the context of security interests. This action establishes the priority of a creditor's claim over collateral against other creditors and third parties. Perfection typically involves filing a financing statement, taking possession of the collateral, or meeting other statutory requirements under the Uniform Commercial Code.

Table 1. Record
IdentifierMLC-T-LAW-003708
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003708",
  "term": "Perfect",
  "field": "Law",
  "definition": "To complete or make legally effective, especially in the context of security interests. This action establishes the priority of a creditor's claim over collateral against other creditors and third parties. Perfection typically involves filing a financing statement, taking possession of the collateral, or meeting other statutory requirements under the Uniform Commercial Code.",
  "url": "https://mlchart.com/terminology/law/perfect/"
}

Record 3,718 of 5,445 in Law terminology (MLC-0107). Request the full dataset.