Definition of pledgee in English:

pledgee

noun

  • A person to whom a pledge is given.

    • ‘Under English law, it said, there could be no doubt that a pledgee like the bank might hand back to the pledgor as his agent goods it had pledged for the purposes of sale, without diminishing the power of the security.’
    • ‘It is worthwhile recalling, however, that where the amount of the credit involved exceeds £25,000, or where the pledgee is a company, the transaction is in any event not a regulated agreement.’

Pronunciation

pledgee

/pleˈjē/