pledgee Antonyms
No Synonyms and anytonyms found
Meaning of pledgee
pledgee (n)
someone to whom a pledge is made or someone with whom something is deposited as a pledge
pledgee (n.)
The one to whom a pledge is given, or to whom property pledged is delivered.
pledgee Sentence Examples
- The pledgee held the collateral as security for the loan extended to the pledgor.
- The pledgee's possession of the pledged property protected their interest in case of the pledgor's default.
- The pledgee had a fiduciary duty to preserve the pledged property in good condition.
- If the pledgor defaulted, the pledgee had the right to sell the pledged property to satisfy the debt.
- The pledgee was entitled to reasonable expenses incurred in preserving the pledged property.
- The pledgee could not use the pledged property for their own benefit without the pledgor's consent.
- The pledgor could redeem the pledged property by paying the debt in full, plus any accrued expenses.
- The pledgee could not release the pledged property without the pledgor's consent, even after the debt had been satisfied.
- The pledgee's rights in the pledged property were terminated upon full payment of the debt by the pledgor.
- If the pledged property was damaged or destroyed, the pledgee could recover damages from the responsible party, up to the amount of the debt.
FAQs About the word pledgee
someone to whom a pledge is made or someone with whom something is deposited as a pledgeThe one to whom a pledge is given, or to whom property pledged is delive
No synonyms found.
No antonyms found.
The pledgee held the collateral as security for the loan extended to the pledgor.
The pledgee's possession of the pledged property protected their interest in case of the pledgor's default.
The pledgee had a fiduciary duty to preserve the pledged property in good condition.
If the pledgor defaulted, the pledgee had the right to sell the pledged property to satisfy the debt.
