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Ripeness

The state or quality of being ripe maturity completeness perfection as the ripeness of grain ripeness of manhood ripeness of judgment

prime

prime 1 : prime rate 2 : general contractor vt primed prim·ing : to have priority over [a perfected security interest s an unperfected one]

moonwalk

of dance step in which the dancer seems to be sliding backward on the spot as Michael Jackson perfected the moonwalk in the 1980s

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Completement

Act of completing or perfecting completion

after-acquired

after-acquired : acquired after a certain event (as the perfection of a security interest)

grace period

ten days during which certain security interests (as those in fixtures or purchase money security interests) must be perfected in order to have priority over conflicting security interests under Article 9 of the Uniform Commercial Code called

inchoate

inchoate 1 a : not yet made complete, certain, or specific : not perfected see also inchoate lien at lien b : not yet transformed into actual use or possession [until an

pledge

: a delivery of esp. personal property as security for a debt or other obligation ;broadly : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee 2

preference

days before the date of filing a bankruptcy petition) established by bankruptcy law in order to be voidable. Perfection or grant of a security interest during this period is also a preference. The bankruptcy law states exceptions

property

bankruptcy case and that is usually considered part of the bankruptcy estate 2 : property acquired after the perfection of a lien or security interest ;esp : such property acquired after the creation of a lien or

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