Pledgee
41deposit of title-deeds — A method of pledging real property as security for a loan, by placing the title deeds of the land in the keeping of the lender as pledgee …
42distractio pignoris — /dastraeksh(iy)ow pignoras/ The sale of a thing pledged or hypothecated, by the creditor or pledgee, to obtain satisfaction of his claim on the debtor s failure to pay or redeem …
43field warehousing — Arrangement whereby wholesaler, manufacturer, or merchant finances his business through pledge of goods remaining on his premises and it is limited type of warehousing as distinguished from public warehouse. Lawrence Warehouse Co. v. McKee,… …
44pledge — A bailment, pawn, or deposit of personal property to a creditor as security for some debt or engagement. Personal property transferred to pledgee as security for pledger s payment of debt or other obligation. Jacobs v. Great Pacific Century Corp …
45distractio — (Civil law.) A creditor s sale of hypothecated property; a pledgee s sale of a pledge …
46pledge — A bailment of personal property as security for a debt or obligation, redeemable upon terms and with the implied power of sale on default. 41 Am J1st Pldg & Col § 2. The Roman name applicable to a contract of pledge or pawn was pignus or vadium.… …
47pledgeholder — A third person to whose custody pledged property is entrusted instead of to that of the pledgee …
48pledgor — A person who makes a pledge of personal property to a pledgee …
49purchase — To acquire title otherwise than by descent. 23 Am J2d Desc & D § 2. To acquire title by the voluntary act of another. For the purposes of recording laws, a purchaser acquiring legal title, or, under some statutes, a person acquiring an equitable… …
50redemption — A recovery back of property by payment of money or performance or other condition. A regaining of property taken from one, as under a mortgage, by paying what is due. Miller v Rafterman, 47 Ohio St 141, 156, 24 NE 496. The obtaining of pledged… …
