A pledge is a type of security interest in which a lender takes possession of personal property as security for an obligation.

A pledge is a bailment that conveys title to property owned by a debtor (the pledgor) to a creditor (the pledgee) to secure repayment for some debt or ... By legal system · Civil law system · Common law system

pledge. v. to deposit personal property as security for a personal loan of money. If the loan is not repaid when due, the personal property pledged shall be ...

What does Pledge mean? A form of security under which the pledgee has actual or constructive possession of the pledged assets as security for a loan.

Pledge · 1 : to deliver or otherwise put forward as security for a debt or other obligation [pledged his car as collateral for the loan] · 2 : to bind by a ...

A type of security: the delivery of possession of an asset as security until payment. Possession may be actual or constructive.

A pledge is one of the four types of security recognised under English law—the types of security are described in Practice Note: Types of security.

An article given by a borrower (pledgor) to a lender ( pledgee) as a security for a debt. It remains in the ownership of the pledgor although it is in the ...

10 окт. 2024 г. · Legal Definition ; 1 · to deliver or otherwise put forward as security for a debt or other obligation. pledged his car as collateral for the loan.

The pledge, which refers to the granting of physical possession of goods or personal property to a creditor as security for a debt owed.