{"id":363854,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/pledge.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"pledge","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/pledge.html","title":{"rendered":"Pledge"},"content":{"rendered":"\n
\n

term:<\/p>\n

<\/h1>\n\n
\n

n<\/p><\/dt>\n

1<\/b> :<\/b> a delivery of esp. personal property as security for a debt or other obligation
;broadly<\/i>
:<\/b> the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee
2 a<\/b> :<\/b> property and esp. personal property that is used as security esp. upon delivery
;broadly<\/i>
:<\/b> a security interest in collateral compare chattel mortgage<\/i> at mortgage<\/a>
b<\/b> :<\/b> a contract under which the delivery of property (as personal property) as security takes place
3 a<\/b> :<\/b> the state of being held as security or guaranty [property held in ]
b<\/b> :<\/b> something given as security for the performance of an act
4<\/b> :<\/b> a binding promise to do or forbear
vt pledged<\/b>
pledg·ing<\/b>
1<\/b> :<\/b> to deliver or otherwise put forward as security for a debt or other obligation [pledged<\/i> his car as collateral for the loan]
2<\/b> :<\/b> to bind by a pledge [we mutually to each other our lives, our fortunes and our sacred honor “Declaration of Independence<\/i>“]
3<\/b> :<\/b> to assure or promise the performance or payment of
pled·gor [ple-jər, ple-jȯr]

or<\/i>
pledg·er<\/b>
[ple-jər]
<\/b><\/i>
n<\/i>
<\/b><\/i><\/p>\n<\/dd>\n<\/dl>\n

Source: Merriam-Webster’s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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