Elzálogosított

Elzálogosított is a Hungarian legal and financial term used to describe an asset that has been pledged as collateral for a loan. The word is formed from zálog, meaning pledge, with the prefix el- indicating a completed or resultant state, and the participial suffix -ított. In practical terms, an elzálogosított asset carries a zálogjog, or lien, held by a creditor to secure the debt. The term can apply to both real property and movable assets.

In real estate, elzálogosított ingatlan refers to a property on which a mortgage or lien has been registered, typically in the land registry (ingatlan-nyilvántartás). The owner generally retains ownership and possession, but the creditor holds a priority claim over the asset. If the debtor defaults, the creditor may enforce the lien, potentially leading to sale of the property to satisfy the debt.

For movable assets, such as vehicles or equipment, elzálogosított tárgy means the asset has been pledged as collateral and may be repossessed or seized if the obligation is not met, subject to applicable contract terms and laws.

Related terms include zálogjog (the lien or right of pledge), zálogtárgy (the pledged asset), and elzálogosítás (the act or process of pledging). The concept is central to secured lending in Hungary and varies in detail by asset type and applicable statutes.

Overall, elzálogosított describes a legally encumbered asset whose owner retains possession in many cases but whose use and disposition are constrained by the creditor’s security right.

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