perfected

adjective
per·​fect·​ed | \ pər-ˈfek-təd \

Legal Definition of perfected

: completed in accordance with statutory procedure for giving notice and thereby having a status of priority over security interests that are the subject of such procedure at a later date or that are not the subject of such procedure settling a priority contest between the two perfected security interests

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“Perfected.” The Merriam-Webster.com Legal Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/legal/perfected. Accessed 9 December 2019.

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