Pledgee is a 7 letter English word. It's valid Scrabble word worth 11 points. It's valid Words with friends word worth 14 points.
You can make 77 anagrams from letters in pledgee (deeeglp).
First recorded in 1760-70; pledge + -ee
In a pledge, however, the possession passes to the pledgee or creditor, while the title remains in the pledgor or debtor.
A mortgagee, mortgager or pledgee of property may insure the property.
The pledgee is entitled to retain possession of the property pledged until the debt owing him is paid.
The pledgee cannot himself purchase the property unless the contract of pledge expressly so provides.
He also has the right to have the property carefully preserved and cared for while in the possession of the pledgee.
The pledgee cannot be a purchaser at the sale, unless so permitted by express stipulation in the contract of pledge.
A pledge or delivery of personal property is for the purpose of securing a debt owing the pledgee.
If the pledgee sells or transfers the debt secured, the purchaser is entitled to the benefit of the pledge.
A pledgee is permitted in some states to sell according to certain statutory methods provided.
If the pledgor fails to pay the debt secured when due, the pledgee has the right to enforce his pledge.