Who is a pledger and pledgee?
Who is a pledger and pledgee?
Section 172 of the Act defines pledge as “The bailment of goods as security for payment of a debt or performance of a promise.” The bailor is called the ‘pledger’ or ‘pawnor’ and the bailee is called the ‘pledgee’ or ‘pawnee.
What is a pledgor in a loan?
(a) The Pledgor is the legal and beneficial owner of, and has good and marketable title to, the Pledged Collateral. (b) No financing statement or other evidence of lien covering or purporting to cover any of the Collateral is on file in any public office.
Who is a pledgor?
a person who deposits personal property as a pledge. GOOSES.
Is pledgor a Borrower?
Pledgors is defined in the preamble. Pledgors means the Borrower, each Guarantor, and each of the Restricted Subsidiaries from time to time parties to the Pledge and Security Agreement. Pledgors shall have the meaning assigned to such term in the preamble to this Agreement.
What is Pawnor and Pawnee?
172. The bailment of goods as security for payment of a debt or performance of a promise is called “pledge”. The bailor is in this case called the “pawnor”. The bailee is called “pawnee”.
Who is a Pledger?
Definitions of pledger. someone who makes or gives a pledge.
What’s the meaning of pledgee?
Definition of pledgee : one to whom a pledge is given.
Is a pledgor a guarantor?
Pledgor Guarantor collectively, American Homes 4 Rent, L.P., and each other Person that joins the Pledge and Guaranty Agreement through a joinder or otherwise, jointly and severally, together with their respective permitted successors and assigns.
What is Pawner and Pawnee?
The bailment of goods as security for payment of a debt or performance of a promise is called “pledge”. The bailor is in this case called the “pawnor”. The bailee is called “pawnee”.
Who is a Pawnor?
PAWNOR. One who, being liable to an engagement, gives to the person to whom he is liable, a thing to be held as a security for the payment of his debt or the fulfillment of his liability.
What is Pawner?
a person who pawns their possessions.
Who is Pawnor and Pawnee?
