MLchartDataset catalogue

Perfected

Term · Law · MLC-T-LAW-003710

Describing a security interest that has been made effective against third parties, thereby establishing the creditor's priority claim to the collateral. This status is achieved by taking specific legal steps, such as filing a financing statement with a public office or taking possession of the collateral. A perfected security interest generally takes precedence over unperfected interests.

Table 1. Record
IdentifierMLC-T-LAW-003710
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003710",
  "term": "Perfected",
  "field": "Law",
  "definition": "Describing a security interest that has been made effective against third parties, thereby establishing the creditor's priority claim to the collateral. This status is achieved by taking specific legal steps, such as filing a financing statement with a public office or taking possession of the collateral. A perfected security interest generally takes precedence over unperfected interests.",
  "url": "https://mlchart.com/terminology/law/perfected/"
}

Record 3,719 of 5,441 in Law terminology (MLC-0107). Request the full dataset.