what is pledge
DESCRIPTION
Meaning of pledgeTRANSCRIPT
1.Cashdepositor placing of ownedpropertyby adebtor(the pledger) to acreditor(the pledgee) as asecurityfor aloanorobligation. The pledgee has an impliedrightto confiscate and/orsellthe pledged property to satisfy his or herclaimin case of adefault.
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