vs 

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"Ya lo tengo" is a phrase which is often translated as "I already have it", and "participio" is a noun which is often translated as "participle". Learn more about the difference between "ya lo tengo" and "participio" below.
ya lo tengo(
yah
 
loh
 
tehng
-
goh
)
A phrase is a group of words commonly used together (e.g., once upon a time).
phrase
a. I already have it
¿Tienes que comprarte un vestido para la boda? - No, ya lo tengo. Me faltan solo los zapatos.Do you need to buy a dress for the wedding? - No, I already have it. I only need a pair of shoes.
b. I already have
Te cambio el cromo de Messi por el tuyo de Ronaldo. - No, el de Messi ya lo tengo también.I'll trade the card of Messi for your card of Ronaldo. - No, I already have the Messi one as well.
a. I know how
La puerta está cerrada con llave. ¿Cómo vamos a salir de aquí? - ¡Ya lo tengo! Podemos utilizar esto como ganzúa.The door is locked. How are we going to get out of here? - I know how! We can use this as a picklock.
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el participio(
pahr
-
tee
-
see
-
pyoh
)
A masculine noun is used with masculine articles and adjectives (e.g., el hombre guapo, el sol amarillo).
masculine noun
a. participle
El participio pasado del verbo "ir" es "ido".The past participle of the verb "to go" is "gone".
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