Glossary entry

English term or phrase:

pledger

French translation:

titulaire de titres gagés / nantis

Added to glossary by inlof
Jul 18, 2009 17:07
14 yrs ago
3 viewers *
English term

pledger

English to French Law/Patents Law: Contract(s) Contract
Relating to voting rights of fiduciaries and pledgers
Proposed translations (French)
4 +1 titulaire de titres gagés / nantis
4 +1 gageur
Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): mchd

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Proposed translations

+1
2 hrs
Selected

titulaire de titres gagés / nantis

Pledger/Pledgor = literally "Constituant" [de gage/nantissement], in this context it is more logical to translate "titulaire de titres gagés" or "actionnaire dont les titres sont gagés".

A "pledger", or more commonly "pledgor", is a shareholder who grants a pledge over his/her shares. The section of the document relates to the exercise of voting rights in relation to shares that are not under direct unfettered control of the owner. The pledge agreement or pledge instrument may contain specific provisions regarding how the voting rights in connection with the pledged shares are to be exercised. Similarly, a fiduciary (for example, trustee) may be subject to specific provisions in the trust (or similar) instrument regarding how the shares held by him/her are to be voted.
Peer comment(s):

agree Cyprien DJOCGOUE NJIETCHEU
1 hr
Something went wrong...
4 KudoZ points awarded for this answer.
+1
1 min

gageur

GDT
Peer comment(s):

agree Arnold T.
3 hrs
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