Perfection: Canada Debt .ca defines Perfection

Bankruptcy Term Perfection

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Canada Debt has the definition to the bankruptcy and debt term Perfection. Finding answers to terms such as Perfection can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Perfection in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Perfection' is used as follows:

An action that has to be taken before a security interest is secured.