Definition of "pledgee"
  1. An individual or entity who receives property as a security against a loan or obligation
How to use "pledgee" in a sentence
  1. The bank, acting as the pledgee, holds the borrower's property until the loan is paid off.
  2. A pledgee can sell the pledged property if the borrower defaults on the loan.
  3. The pledgee must return the property when the debtor fulfills the obligations.

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