credor pignoratício
1. A person who receives a pledge or personal property as security for a debt; the creditor in a pledging arrangement
The pledgee holds the collateral until the debt is repaid.
O credor pignoratício mantém a garantia até que a dívida seja paga.
2. In law, the party to whom personal property is delivered as security for the performance of an obligation
As the pledgee, the bank has the right to sell the vehicle if the loan is not repaid.
Como credor pignoratício, o banco tem o direito de vender o veículo se o empréstimo não for pago.
This is a specialized legal and financial term commonly used in banking, lending, and contract law in both the United States and Brazil. It appears frequently in loan agreements, security documents, and legal proceedings related to secured debt.
Related Idioms & Phrases
pledgee's lien - the legal right of a pledgee to hold property as security
pledgee's right of sale - the authority to sell pledged collateral upon default
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