pledgor

The relationship between pledgor and pledgee is regarded by the law as a bailment.

出质人和质权人之间的关系被认为一种委托关系.

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Any surplus funds after the sale must be paid to the pledgor.

变卖(受偿后)的剩余资金必须返还出质人.

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If there is default by the pledgor, the pledgee has a right to sell the item.

如果出质人不履行义务, 质权人有权变卖质押财产.

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