Pledgee


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Related to Pledgee: pledgor, pledger

PLEDGEE. The same as pawnee. (q.v.)

References in periodicals archive ?
The seller who is characterized as rahin (pledgee) in bay' al-wafa' pledges his asset with the buyer as surety against a financing (loan) facility obtained from the buyer.
Benefitting from the rights of a pledgee on the goods in his retention, implicitly, the carrier may perform certain acts of disposition.
by the pledgee before interpreting the specific provisions of any share
However, D Carnegie & Co claims that the debt office acted as a pledgee in the sale, which means that there is no need for a valuation and any surplus from the actual proceeds from the deal should be transferred to the former owner.
Article 743 A pledge by either pledgor or pledgee of the original pledge to some third person is null and void, unless the permission of either the pledgor or pledgee has been obtained.
However, possession by a pledgee was sufficient if the asset was a security.
Since the firm carries free credit balances of customers, acts as custobian of their securities, functions as pledgee and finances margin transactions, it incurs a responsibility to its clients which involves not only the maintenance of a high degree of financial stability at all times, but the added duty of supplying the trading public a clear picture of the firm's condition.
A bank can be nominated as a "pledgee party." and can control subsequent changes to the Registry Record.
Co., 221 N.W.2d 609 (Iowa 1974) (indicating that a pledgee's attempt to establish a college collapsed when a charitable pledgor refused to effectuate his pledge); Congregation B'nai Sholom v.
district court in Delaware, reversing a bankruptcy court injunction against the exercise of voting rights by a pledgee of a majority of the shares of a Chapter 11 debtor corporation, ruled that since the creditors' claims were against a parent corporation (also in Chapter 11) of the Chapter 11 debtor rather than the debtor corporation itself, the election of a new board would not result in gaining an improper advantage by one creditor of the Chapter 11 debtor over other creditors of that debtor, and that the right to elect a new board could be exercised without obtaining bankruptcy court authorization.
3:251, see also Schuit et al., supra note 41, [sections] 7.02[6][a][i] ("The President of the District Court may, at the request of either the pledgee or the pledgor, order a different form of sale, such as a private sale to a specific third party, so that higher proceeds may be realized.").