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.
He also has the right to have the property carefully preserved and cared for while in the possession of the pledgee.
- 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