pledgee


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Related to pledgee: pledgor, pledger
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  • noun

Words related to pledgee

someone to whom a pledge is made or someone with whom something is deposited as a pledge

References in periodicals archive ?
Where a specific special registry (the 'Special Registry') regulates the ownership of the movable property but does not record security interests, the pledgee must ensure that the requirements of Article 6 (1) of the Regulations (above) are complied with and the Registry will notify the relevant Special Registry.
890(1) SCC: "The pledgee is liable for the depreciation or loss of the pledged chattel, unless he or she shows that he is not at fault."'
The owner (mudf) cannot claim his good on consignment because the good is at the same time pledged, which grants the pledgee the right of retention.
Thus, in accordance with the provisions of Article 52 paragraph 8 Thesis I of the Regulation on the railway transport in Romania, (17) "the railway transport operator has a pledgee's rights over the transported goods for all the debts due to him for the transport and for the claims arising from previous transportation." Therefore, the special legislation recognizes the railway carrier's right to retain goods not only for the recovery of claims resulting from the transport, but also for claims arising from previous transports made for the same beneficiaries.
455 (1) of the Estonian LOA provides that an insurance premium which has become collectable or another amount payable pursuant to an insurance contract may, rather than by the policyholder, be paid by the insured person or the beneficiary or a pledgee in whose favour the claim of the policyholder against the insurer arising from the insurance contract is pledged.
(97) Further, an Indian domestic bank cannot hold shares in a company--whether as pledgee, mortgagee, or absolute owner-exceeding 30% of the company.
State laws dictated that all students learn in the English language in the public schools (except the San Francisco Cosmopolitan Schools) and a pawnbroker or "pledgee" was required to keep records in English.
Since the mezzanine lender is a (direct or indirect) pledgee of the equity in the mortgage borrower, the title insurance available to mezzanine lenders is via an endorsement to the owner's policy (the owner is the mortgage borrower and if the mezzanine lender were to exercise its remedies and succeed to the ownership interest in its collateral under its equity pledge, it would become the owner/mortgage borrower).
The debt office has therefore required the Stockholm court to confirm that it sold CIB and MM as owner and not as a pledgee, which is important for calculating any compensation attributable to the former owner.
THOMPSON, O'NEAL AND THOMPSON'S CLOSE CORPORATIONS AND LLCS 7.23 (2006) ("To safeguard the power of participants in a closed corporation to choose their future associates, participants will want to restrict the right of shareholders to pledge their shares, or at least the sales of the stock by the pledgee."); HOWARD M.
101(a)(2) is not applicable to amounts received by the pledgee or assignee that are treated as a repayment of capital and are therefore generally income tax free to the extent of the outstanding debt amount.
(42) Article 706 of the Majalla sets forth this possession requirement in an unequivocal fashion: If the pledge is not transferred to the effective possession of the pledgee ...
IRC [section] 101(a)(2) is not applicable to amounts received by the pledgee or assignee that are treated as a repayment of capital and are therefore generally income tax free to the extent of the outstanding debt amount.
So the pledge or assignment of a policy (or an interest in a policy) as collateral security is not a "transfer." A pledgee or assignee who receives the pledge or assignment of a policy as collateral for a loan will be able to recover proceeds income tax free (but as a repayment of capital, rather than as the proceeds of a life insurance policy).