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Pledgee for Dummies

noun

pronunciation: plɛdʒ'i

What does Pledgee really mean?

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Pledgee is a word that might sound a little unfamiliar, but I'm here to help you understand it in the simplest way possible. So, imagine you have a really close friend whom you trust a lot. You give your friend a special toy to take care of for a while, and they promise to give it back to you when you ask for it. In this situation, your friend becomes like a "pledgee."

Now, let's break it down a bit more. The word "pledgee" refers to a person or an organization who receives something valuable from someone else, often as a form of security, or a promise of payment or fulfillment. In legal terms, it often relates to borrowing or lending money or other valuable things like property or possessions.

Picture this: Imagine you want to borrow some money from the bank to buy a new bike. The bank wants to make sure they will get their money back, so they require you to give them something valuable that they can keep as a security, just like a friend keeping your toy safe. The bank becomes the "pledgee" in this situation.

So, to sum it all up, the word "pledgee" represents the person or organization who receives something valuable as a form of security or promise. It's like when you trust someone to take care of your toy or when a bank holds onto something valuable until a loan is repaid. I hope this explanation helps you understand the meaning of "pledgee" a bit better!


Revised and Fact checked by Sarah Anderson on 2023-10-28 15:03:00

Pledgee In a sentece

Learn how to use Pledgee inside a sentece

  • When you borrow a toy from your friend, your friend becomes the pledgee because you promise to return the toy to them.
  • If you ask your teacher for help with your homework, the teacher becomes the pledgee because they promise to guide you and support you in completing it.
  • When you buy a toy from a store and the store owner promises to fix it if it breaks, the store owner becomes the pledgee.
  • If you lend your bike to your neighbor for a day, your neighbor becomes the pledgee as they promise to take care of the bike and return it to you.
  • When you deposit money in a bank, the bank becomes the pledgee because they promise to keep your money safe and give it back to you when you need it.

Pledgee Hypernyms

Words that are more generic than the original word.

adult grownup

Pledgee Hyponyms

Words that are more specific than the original word.

pawnbroker