- a person who deposits personal property as a pledge.
Origin of pledgor
Examples from the Web for pledgor
Historical Examples of pledgor
If the pledgor fails to pay the debt secured when due, the pledgee has the right to enforce his pledge.
The legal title or ownership of personal property pledged remains in the debtor or pledgor.
In a pledge, however, the possession passes to the pledgee or creditor, while the title remains in the pledgor or debtor.
A pledgor has the right to have his pledged property returned to him upon payment of the debt secured by the pledge.
Even in this event, the sale will not be held valid unless it is public and fair in every way to the interests of the pledgor.
pledgeor pledger (ˈplɛdʒə)
- a person who gives or makes a pledge