The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement; also, the contract created between the debtor and creditor by a thing being so delivered or deposited, forming a species of bailment; also, that which is so delivered or deposited; something put in pawn.
A hypothecation without transfer of possession.
Anything given or considered as a security for the performance of an act; a guarantee; as, mutual interest is the best pledge for the performance of treaties.
To deposit, as a chattel, in pledge or pawn; to leave in possession of another as security; as, to pledge one's watch.
To secure performance of, as by a pledge.
A pledge arises when documents of title or goods are deposited by one person (pledgor) with another (pledgee) to be held as security for the payment of a debt or the discharge of an obligation upon the understanding that they will be returned once the obligation is discharged. Physical delivery may be sufficient but a memorandum of deposit, or letter of hypothecation, is often required.
Transfer of property, such as securities or the cash surrender value of life insurance, to a lender or creditor as collateral for an obligation.
An item retained by a pawnbroker in exchange for cash, and held until the cash is repaid. Essentially, a form of security.
The depository service allowing customers to use ledger balances as collateral for call loans with lending institutions that accept book entry pledges.
To deposit securities with a lender as security for money borrowed.
a deposit of personal property as security for a debt; "his saxophone was in pledge"
bind or secure by a pledge; "I was pledged to silence"
a contract in which personal property, tangible or intangible, is offered to the creditor or a third party agreed upon by the parties as security for the payment of a debt
a possessory security interest which common law systems have always held above any non-possessory security interests
a security transaction in which the collateral to secure a debt is held by the secured party
A deposit held for a particular purpose (often as collateral for a loan).
Personal property, as security for a debt or obligation, deposited or placed with a person called a pledgee.
Non-perishable movable property, deposited as security in return for a loan.
The deposit of personal property7 by a debtor with a creditor as security for a debt or arrangement.
Deposition of personal property by a debtor with a creditor as security for a debt or engagement. Back to the Top
A bailment of property to a creditor to secure payment of a debt or performance of some similar obligation.
The transfer of an asset to secure the payment of an obligation, but without transfer of title or ownership. In case of default, the creditor can acquire the pledged asset as repayment. In banking, the pledging of securities is among the most common forms of credit collateralizing transactions, especially in the case of overdrafts and loans. See also Lombard (Collateral) loans. Français: Nantissement Español: Prenda, pignoración, garantía, fianza
The transfer of property, such as securities, to a creditor (or lender) as collateral for an obligation--such as securities bought on margin or a bank loan. "Assign" differs from pledge (or hypothecate) as an assignment involves a transfer of title, whereas pledging does not. See: Assign; Collateral; Hypothecation; Margin
A person deposits personal property with a creditor as security for a debt.
In law a pledge (also pawn) is a bailment of personal property as a security for some debt or engagement (Story on Bailments, 286).