Examples from the Web for pledgor
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.
If the pledgor fails to pay the debt when due, what may the pledgee do with the property?
A court of equity though may do this, and enjoin a pledgee from voting the stock whenever the pledgor's rights would be affected.Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
If the pledgor fails to pay the debt secured when due, the pledgee has the right to enforce his pledge.