TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TEMPORARY PERFECTION [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2015-09-16

English

Subject field(s)
  • PAJLO
  • Law of Security
OBS

The period of temporary perfection runs from the date a secured party who already has a perfected security interest turns over the collateral to the debtor. There is no new value requirement, but the turnover must be for one or more of the purposes stated in subsection (f) or (g). The 20-day period may be extended by perfecting as to the collateral by another method before the period expires. However, if the security interest is not perfected by another method until after the 20-day period expires, there will be a gap during which the security interest is unperfected.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

perfection temporaire : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

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