Search results
We did not find results for: define pledge in law.
Check spelling or type a new query.
We did not find results for: define pledge in law.
Check spelling or type a new query.
Type of legal relationship
A pledge is a bailment that conveys title to property owned by a debtor (the pledgor) to a creditor (the pledgee) to secure repayment for some debt or obligation and to the mutual benefit of both parties. The term is also used to denote the property which constitutes the security. The pledge is a type of security interest. Wikipedia