Pledge of the exclusive right to use a registered trademark refers to the real right that the debtor or a third party gives all its registered trademarks to the creditor for possession as a guarantee of creditor's rights. When the debtor fails to perform the debt, the creditor has the right to be paid in priority with the discount of the trademark or the price of the property auctioned or sold according to law.
According to the above provisions, the pledgor of a trademark refers to the owner of a registered trademark. Trademark pledgee refers to the person who enjoys the right of pledge.