Pledges
/ˈplɛdʒɪz/
Definitions
- (n.) A formal promise or security interest in property to guarantee the fulfillment of an obligation.
The creditor took pledges of the debtor's assets to secure the loan.
Forms
- pledge
Related terms
See also
Commentary
Plural of pledge; refers to multiple instances of the security interest or promises.
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.