noun
- plural of pledgee; persons to whom something is pledged or given as security
Usage: legal
Examples
- The pledgees held the collateral until the loan was repaid.
- Both pledgees agreed to the terms of the security arrangement.
- The bank and credit union served as pledgees for the business loan.
- Legal documents identified all pledgees in the transaction.
- The pledgees had the right to sell the pledged assets if payment defaulted.