pledgor

A pledgor is a debtor who gives a pledge on an asset to a creditor ( pledgee A pledgee (or pledge giver) is a creditor who has been given a right of pledge by a debtor (the pledgor) as a security for the debt of the pledgor. 
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pledgee
) as a security for a debt of the pledgor. A right of pledge A right of pledge (the debtor) gives the pledgee (the creditor) a security until payment above other creditors by giving possession of assets
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right of pledge
gives the pledgee a security until payment above other creditors by giving possession of assets The assets of a Dutch company reflect the value of all that the company possesses
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assets
. A pledgor is also referred to as grantor of a pledge.

Right of pledge under Dutch law

In the Netherlands, all assets can be encumbered by a pledge, apart from registered property. Often a pledge is established on movable property (such as inventory) or on accounts receivable.

According to Dutch law, a right of pledge on a movable good, a bearer right, or on a right of usufruct of such a good/right, is established by bringing the good or the bearer paper in possession of the pledgee (or of a third person if so agreed by parties). 

A pledge on a right to order or on a right of usufruct thereof also requires an endorsement.  A right of pledge on other goods is established in a similar manner as is required for the transfer of title of that good.

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Synonyms: grantor of a pledge

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