perfected security interest |
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Definition
Security interest in an asset (mortgaged as a collateral) protected from claims by other parties. A lien is perfected by registering it with appropriate statutory authority so that it is made legally enforceable and any subsequent claim on that asset is given a junior status. Also called perfected lien.
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perfected security interest is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
perfected security interest appears in the definition of the following term: perfected lien
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