Pledge
/ˈplɛdʒ/
Definitions
- (n.) A solemn promise or undertaking.
He gave a pledge to support the new policy.
- (n.) An item of property given as security for repayment of a loan or fulfillment of an obligation.
The borrower gave a watch as a pledge for the loan.
- (v.) To promise solemnly or commit to a certain course of action.
She pledged to donate funds to the charity.
- (v.) To deliver goods or property as security for a debt or obligation.
The debtor pledged his car as collateral.
Forms
- pledges
- pledged
- pledging
Related terms
See also
Commentary
Ensure clear distinction between pledge as a promise and pledge as security; context defines its legal implications.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.