Unperfected Lien — A lien for which the holder has not provided a valid claim. Unperfected liens leave lenders open to the possibility that other creditors can challenge for the collateral being used in the loan. These liens are usually honored in court when the… … Investment dictionary
Lien — For other uses, see Lien (disambiguation). Property law … Wikipedia
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
Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 … Wikipedia
perfect — per·fect 1 / pər fikt/ adj: entirely without fault or defect: as a: satisfying all requirements failed to make perfect tender b: free from any valid legal objection: valid and effective at law having perfect title to the property compare im … Law dictionary
prime — 1 n 1: prime rate 2: general contractor prime 2 vt primed, prim·ing: to have priority over a perfected security … Law dictionary
creditor — A person to whom a debt is owing by another person who is the debtor. Rooney v. Inheritance Tax Commission of Kansas, 143 Kan. 143, 53 P.2d 500, 501. One who has a right to require the fulfillment of an obligation or contract. Murphy v. Jos.… … Black's law dictionary
creditor — A person to whom a debt is owing by another person who is the debtor. Rooney v. Inheritance Tax Commission of Kansas, 143 Kan. 143, 53 P.2d 500, 501. One who has a right to require the fulfillment of an obligation or contract. Murphy v. Jos.… … Black's law dictionary
