The bailment of goods as security for payment of a debt or performance of a promise is called pledge. The bailor is in this case called the pawnor. The bailee is called the pawnee.
Indian Contract Act, 1872 Section 172 - Bare Act |
| State | Central Government |
| Year | 1872 |
| Section Title | Pledge, Pawnor and Pawnee Defined |
Act Info: