pledgeholder Definition
a person or organization that holds a pledge, especially a financial one.
Using pledgeholder: Examples
Take a moment to familiarize yourself with how "pledgeholder" can be used in various situations through the following examples!
Example
The bank is the pledgeholder of the mortgage.
Example
The pledgeholder has the right to seize the collateral if the borrower defaults on the loan.
pledgeholder Synonyms and Antonyms
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Summary: pledgeholder in Brief
'Pledgeholder' [plej-hohl-der] refers to a person or organization that holds a pledge, particularly a financial one. It is often used in the context of loans and mortgages, where the pledgeholder has the right to seize the collateral if the borrower defaults on the loan.
