# The Indian Contract Act, 1872, Section 172: "Pledge", "Pawnor" and "Pawnee" defined

- Act: The Indian Contract Act, 1872 (Act 9 of 1872)
- In force from: 1872-09-01
- Ministry: Ministry of Law and Justice
- Source URL: https://indiacode.ecourtsindia.com/contract-act/section/172/

## Text

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".

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