noun
- plural of pledgor; people who give property as security for a debt or obligation
Usage: legal term
Examples
- The bank required all pledgors to sign additional documentation.
- Multiple pledgors were involved in the complex loan agreement.
- The pledgors defaulted on their payments, triggering foreclosure proceedings.
- Legal counsel advised the pledgors of their rights and obligations.
- The contract clearly outlined the responsibilities of both pledgors and lenders.