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pledgor
This term is a specialized legal designation used primarily in contract law and finance. It identifies the party who grants a security interest in their property to a creditor, creating a pledge. It carries a formal, technical register and is almost exclusively found in loan agreements, security deeds, and legal statutes.
In a legal transaction, the pledgor is the counterpart to the pledgee (the party receiving the asset). While "borrower" is a common general term, "pledgor" specifically emphasizes the act of pledging an asset as collateral rather than the act of receiving funds.
Meanings
A person or entity that provides an asset as collateral to secure a loan or the performance of an obligation.
The pledgor must maintain the value of the securities used as collateral throughout the term of the loan.