Eltörlesztéskor

Eltörlesztéskor is a Hungarian term that translates to "upon full repayment" or "when fully paid off." It is a legal and financial concept that signifies the completion of an obligation, typically a debt. When a loan, mortgage, or any other form of credit is eltörlesztéskor, the borrower has fulfilled all their contractual payment obligations to the lender.

This event triggers the formal release of any security or collateral that was pledged to secure the debt. For example, in a mortgage, eltörlesztéskor means the property is no longer encumbered by the loan, and the borrower has full, unencumbered ownership. Similarly, if a loan was secured by a vehicle or other asset, the lien on that asset is removed.

The process of eltörlesztéskor usually involves the lender issuing a formal document, such as a release of lien, a discharge of mortgage, or a certificate of satisfaction, to confirm that the debt has been fully settled. This documentation is crucial for the borrower to prove ownership and to update any official records, such as property registries. The term emphasizes the finality of the debt settlement and the return of full rights and ownership to the borrower. It marks a significant financial milestone, signifying the end of a contractual financial commitment.