Mera Samvidhaan All of Indian Contract Act, 1872

Chapter IX · Of Bailment

172“Pledge”“pawnor”,and “pawnee” defined.

Section 172 · Chapter IX · Bailments of Pledges · page 42 of the Act

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”.

Section 172 of The Indian Contract Act, 1872 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.