PLEDGE

A · B · C · D · E · F · G · H · I · J · K · L · M · N · O · P · Q · R · S · T · U · V · W · X · Y · Z

Definitions

1. the act of a debtor giving a creditor custody of something qualifying as security or collateral until a loan or debt is paid or an obligation is fulfilled.

2. a written agreement or contract whereby a debtor agrees to turn over such collateral to a creditor including a statement of any conditions agreed between the parties involved.