What context can I use each word in?
Learn when and how to use these words with these examples!
lienholder
Example
The bank is the lienholder on my car until I pay off my auto loan. [lienholder: noun]
Example
The lienholder has the right to repossess the property if the borrower defaults on the loan. [lienholder: noun]
pledgee
Example
The bank is the pledgee on my jewelry until I pay off my personal loan. [pledgee: noun]
Example
The pledgee has the right to sell the pledged property if the borrower defaults on the loan. [pledgee: noun]
Good things to know
Which word is more common?
Lienholder is a more common term in everyday language, especially in the context of real estate and automobile financing. Pledgee is a more technical term used in legal and financial contexts.
What’s the difference in the tone of formality between lienholder and pledgee?
Pledgee is a more technical term used in legal and financial contexts, making it more formal than lienholder, which is a more common term used in everyday language.
