Examples from the Web for pledgee
He also has the right to have the property carefully preserved and cared for while in the possession of the pledgee.
In this case the pledgee is bound to use ordinary diligence in guarding the thing pledged.
The pledgee cannot himself purchase the property unless the contract of pledge expressly so provides.
But the law was otherwise as to a pledgee, if he had kept the pledge with his own goods, and the two were stolen together.
But beyond the pledgee and the sequester (a receiver appointed by the court) these exceptions are unimportant and disputed.