Pledging
/ˈplɛdʒɪŋ/
Definitions
- (n.) The act of offering property as security for a debt or obligation, creating a possessory lien.
The pledging of the company's assets secured the loan agreement.
Related terms
See also
Commentary
Pledging usually involves transfer of possession but not title; careful drafting should specify rights and duties of parties.
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.