Origin of pledgee
Examples from the Web for pledgee
Historical Examples of 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.