When a debtor transfers possessionof property to the creditor as security forrepayment of the debt. Compare: Hypothecate.
Merriam-Webster Online Dictionary
pledge (noun)1.
a) a bailment of a chattel as security for a debt or other obligation without involving transfer of title
b) the chattel so delivered
c) the contract incidental to such a bailment
2.
a) the state of being held as a security or guaranty
b) something given as security for the performance of an act
3.
a token, sign, or earnest of something else
4.
a gage of battle
5.
- toast
6.
a) a binding promise or agreement to do or forbear
b) (1) a promise to join a fraternity, sorority, or secret society
(2) a person who has so promised
transitive verb
1.
to make a pledge of , especially - pawn
2.
to drink to the health of
3.
to bind by a pledge
4.
to promise the performance of by a pledge
Merriam-Webster Online Thesaurus
pledge (noun)1.
something given or held to assure that the giver will keep a promise
SYNONYMS:
gage, guarantee, guaranty, pawn, securityRELATED WORDS:
bail, bond; deposit, down payment, earnest, handsel; surety, warranty; assurance, oath, promise, troth, word; commitment, compact, contract, covenant; recognizance2.
a person's solemn declaration that he or she will do or not do something
SYNONYMS:
oath, pledge, troth, vow, wordRELATED WORDS:
appointment, arrangement, commitment, engagement, obligation; agreement, compact, contract, covenant; assurance, guarantee, guaranty, undertaking; bail, bond, deposit, gage, pawn, security, token, warranty1.
to obligate by prior agreement
SYNONYMS:
commit, engage, mortgage, trothRELATED WORDS:
affiance, betroth, plight, promise, swear, vow; contract, enlist, enroll ( enrol), sign on, sign up; overcommitNEAR ANTONYMS:
renege2.
to leave as a guarantee of repayment of a loan
SYNONYMS:
hock, pledgeRELATED WORDS:
deposit, mortgage; bondNEAR ANTONYMS:
buy (back), redeem, win (back)3.
to make a solemn declaration of intent
SYNONYMS:
covenant, pledge, swear, vowRELATED WORDS:
affiance, betroth, plight, troth; accede, agree, assent, consent; contract, engage, ensure, guarantee, undertake; affirm, assert, aver, avouch, avow, declare, insist, warrant
Risk Free Exam Pass Guarantee
We guarantee to help you pass the Real Estate Salesperson or Broker exams. And if you don’t pass we will refund you in full.
