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Glite Dictionary
pledgee

pledgee

9.2
A person or organization that keeps something until a loan is paid back
  • noun
  • /ˈplɛdʒi/
  • Formal
translation icon : acreedor
  • In the contract, the pledgee was listed as the organization securing the loan.

Examples

  • The bank acted as a pledgee by holding the car title until the loan was fully paid.

  • Some pledgees include a computer programmer, a union carpenter, and a production sheet manager in a machine shop.

    Blog text (33)

  • Kevin, the pledgee, he's gotta be playing some kind of joke.

    Boo 2! A Madea Halloween (2017)

  • This is pledgee Cummings.

    Boo! A Madea Halloween (2016)

  • These damn pledgees.

    Boo 2! A Madea Halloween (2017)

  • When John defaulted on his loan, the pledgee had the right to reclaim the collateral.

Synonyms

mortgagee
vspledgee
  • Specialized
1 8.1

A person or company that lends money for a house and can take the house if you do not repay

is the recipient of security for any loan rather than only mortgage lending
chargee
vspledgee
  • UK
9.7

A person or organization given property to keep until a debt is paid

is the recipient of security for loans or obligations more generally

Surface Forms

pledgee singular
pledgees plural

Morphology

pledgee = pledge (transparent) = pledge + ee

Formed by the productive English suffix '-ee' added to 'pledge' to indicate the recipient of an action or object; meaning is clear to learners familiar with '-ee' patterns.

Etymology

The word pledgee comes from pledge, meaning 'a thing given to guarantee a loan', plus the ending -ee, which means 'person who receives', as in employee. So a pledgee is the person or group who holds the pledge until the loan is paid back.