1. a person who gives property as security for a debt or obligation
Usage: legal

Examples

• The pledgor must maintain the collateral in good condition.
• As the pledgor, she retained ownership of the jewelry while using it as security.
• The bank required the pledgor to sign additional documentation.
• If the pledgor defaults, the lender may sell the pledged property.
• The pledgor has the right to redeem the property upon payment of the debt.
• Both the pledgor and pledgee must agree to the terms of the pledge.