pledgor
/ˈplɛdʒɔr/
noun
- A person who gives something as security (a pledge) for a loan or debt.
- The pledgor handed over the gold watch as collateral for the loan.
- The bank required the pledgor to sign a contract agreeing to the terms.
- If the pledgor fails to repay the debt, the lender can sell the pledged item.
Antonyms