A “chargor” is the person or entity that grants a security interest or charge over their property to a lender or creditor (the chargee) as collateral for a loan or obligation. The chargor is the borrower who owns the property being charged and provides it as security to ensure repayment of the debt. If the chargor defaults on their obligations, the chargee has the legal right to take possession of or sell the charged property to recover the amount owed.