Registered owner

The term registered owner is usually used in instances of title of a vehicle (such as an automobile) to refer to the person who has right of possession of the vehicle, as opposed to the party that has right of property. The party that has right of property is referred to as a lienholder, 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 vehicle.