Perfect

Complete; finished; executed ; ehforceable.

— Perfect condition. In a statement of the rule that, when two claims exist in "perfect condition" between two persons, either may insist on a set-off, this term means that state of a demand when it is of right demandable by its terms. Taylor v. New York, 82 N. Y. 17.

— Perfect instrument. An instrument such as a deed or mortgage is said to become perfect when recorded (or registered) or filed for record, because it then becomes good as to nil the world. See Wilkins v. McCorkle, 112 Tenn. 688, 80 S. W. 834.

— Perfect trust. An executed trust, (q. v.) As to perfect "Equity," "Machine," "Obligation," "Ownership," "Title," and "Usufruct," see those titles.