pledgor
31debtor — debt·or n: a person who owes a debt see also bankrupt compare creditor, obligee, obligor ◇ The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.” …
32obligor — ob·li·gor /ˌä blə gȯr, jȯr/ n: one who is bound by an obligation to another an obligation extinguished by performance of the obligor compare creditor, debtor, obligee …
33consideration — A legal term used to describe the benefit that a borrower, guarantor, or pledgor receives in exchange for agreeing to repay, guarantee, or pledge security to the bank. Usually, but not always, the consideration is the proceeds of the loan. In… …
34pledge — noun 1》 a solemn promise or undertaking. ↘a promise of a donation to charity. ↘(the pledge) a solemn undertaking to abstain from alcohol. 2》 Law a thing that is given as security for the fulfilment of a contract or the payment of a debt… …
35foreclose — [c]/fɔˈkloʊz / (say faw klohz) verb (foreclosed, foreclosing) –verb (t) 1. Law a. to deprive (a mortgagor or pledgor) of the right to redeem his or her property. b. to take away the right to redeem (a mortgage or pledge). 2. to shut out; exclude… …
36hypothecation — A Roman law name for a pawn or pledge wherein the feigned pledge remained in the possession of the pledgor. 41 Am J1st Pldg & Col § 2. A contract whereby, without change of possession, specific property is designated as security for the payment… …
37pledgee — I A contract of pledge or pawn. 41 Am J1st Pldg & Col § 2. See hypothecation; pledge. II A person to whom personal property is pledged by a pledgor …
38redemption — A recovery back of property by payment of money or performance or other condition. A regaining of property taken from one, as under a mortgage, by paying what is due. Miller v Rafterman, 47 Ohio St 141, 156, 24 NE 496. The obtaining of pledged… …
39pledgee — [ple jē′] n. a person to whom a pledge is delivered: distinguished from PLEDGOR …
40pledge — n. & v. n. 1 a solemn promise or undertaking. 2 a thing given as security for the fulfilment of a contract, the payment of a debt, etc., and liable to forfeiture in the event of failure. 3 a thing put in pawn. 4 a thing given as a token of love,… …
