The series of steps a secured party must take to protect its rights in the collateral against people other than the debtor is called

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Perfection is the series of steps a secured party must take to protect its rights in the collateral against people other than the debtor. It involves filing a financing statement with the appropriate state agency, ensuring the collateral is properly identified, and complying with other legal requirements to establish priority over other potential claimants.

The Series of Steps a Secured Party Must Take to Protect