pledgee Definition
a person or entity to whom a pledge is made.
Using pledgee: Examples
Take a moment to familiarize yourself with how "pledgee" can be used in various situations through the following examples!
Example
The bank is the pledgee of the borrower's collateral.
Example
The pledgor must obtain the consent of the pledgee before selling the pledged assets.
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Summary: pledgee in Brief
'Pledgee' [plej-ee] refers to a person or entity to whom a pledge is made. It is often used in legal contexts, such as when a borrower pledges collateral to a bank. The pledgor must obtain the consent of the pledgee before selling the pledged assets.
