Origin of pledgee
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for pledgee
A mortgagee, mortgager or pledgee of property may insure the property.
If the pledgor fails to pay the debt secured when due, the pledgee has the right to enforce his pledge.
A pledge or delivery of personal property is for the purpose of securing a debt owing the pledgee.
In a pledge, however, the possession passes to the pledgee or creditor, while the title remains in the pledgor or debtor.
The pledgee cannot be a purchaser at the sale, unless so permitted by express stipulation in the contract of pledge.
- a person to whom a pledge is given
- a person to whom property is delivered as a pledge
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012