Last Updated:2025/11/22
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The lienholder notified the registered owner that failure to pay the loan would result in repossession of the vehicle.
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The lienholder notified the registered owner that failure to pay the loan would result in repossession of the vehicle.
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Related words
lienholder
Noun
(law)
Used
in
instances
of
title
of
property
(such
as
a
vehicle)
to
refer
to
the
person
who
has
right
of
property,
as
opposed
to
the
party
that
merely
has
right
of
possession.
The
party
that
only
has
right
of
possession
is
referred
to
as
a
registered
owner,
and
in
the
event
the
registered
owner
fails
to
pay
off
the
lien
according
to
the
agreed-to
terms,
the
lienholder
has
the
right
to
invoke
repossession
of
the
property
(vehicle).
Japanese Meaning
担保権者 (債務不履行時に担保物件を取り戻す権利を持つ者)
Related Words
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