pledgee in a sentence
n.
📚 Grade Level: Grade 11, Grade 12
Definition
PLEDGEE: A party to whom a pledge is made, typically holding the right to claim or seize the pledged asset in case of default.
Crossword clues for pledgee
Crossword clue ideas and answer hints for the word "pledgee".
- Person receiving a promise for collateral.
- Receiver of a security interest in an asset.
- Individual entitled to claim a pledged item.
- Party holding a right to seize collateral.
- Entity to whom a pledge is granted.
Pledgee sentence examples
- The bank requires the pledgor to provide detailed information about the pledgee during the loan process.
- In a collateral agreement, the pledgee holds the right to seize the pledged asset if the borrower defaults.
- The relationship between the pledgor and the pledgee can significantly influence the terms of the financial contract.
- To protect the interests of the pledgee, legal documentation must clearly outline the terms of the pledge.
- When the terms of the loan are fulfilled, the pledgee must release the pledged asset back to the pledgor.