Pledged
/ˈplɛdʒd/
Definitions
- (v.) Past tense and past participle of pledge; to have given something as security for a debt or obligation.
He pledged his house as collateral for the loan.
Related terms
See also
Commentary
Used primarily as a past action verb form indicating the act of giving property as security.
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.