Webpledge: [noun] a bailment of a chattel as security for a debt or other obligation without involving transfer of title. the chattel so delivered. the contract incidental to such a bailment.

WebPledge. Definition: Pledge can be defined as that special form of bailment in which goods are bailed as security by one party to another, for the repayment of debt or performance of a promise. The party who deposits the goods is the bailor, called as pawnor, whereas the party who takes the possession of the goods or the one to whom the goods ...

Webpledge 1. A declaration that one will or will not do a certain thing: assurance, covenant, engagement, guarantee, guaranty,... 2. Something given to guarantee the repayment of a loan or the fulfillment of an obligation: earnest, guaranty, pawn,... 3. The act of drinking to someone:

Webpledge definition: 1. a serious or formal promise, especially one to give money or to be a friend, or something that…. Learn more.

WebBritish Dictionary definitions for pledge collateral for the payment of a debt or the performance of an obligation the condition of being collateral (esp in the phrase in pledge)

WebSynonyms for PLEDGE: commit, vow, troth, mortgage, promise, engage, swear, plight; Antonyms of PLEDGE: renege, buy (back), win (back), redeem

WebPledge. A Bailment or delivery of Personal Property to a creditor as security for a debt or for the performance of an act.. Sometimes called bailment, pledges are a form of security to assure that a person will repay a debt or perform an act under contract.In a pledge one person temporarily gives possession of property to another party. Pledges are typically …

Web08/09/2019 · Concept and Definition of Pledge. Introduction The article analyzes the Concept and Definition of Pledge. In our day to day interactions, we undertake various contractual transactions with various types of people for various reasons knowingly or unknowingly. Undertaking a contractual relationship has become so common that people …

Web25/03/2019 · Difference between Pledge and Lien-. 1) Pledge is a bailment of goods as a security for performance of a promise or for payment of debts. 1) Lien is a right in which a person can possess the goods till the claim relating to them is satisfied. 2) If a pledger fails to pay, the pledgee has a right to sell the goods.

WebPledge is the pignus of Roman law, from which most of the modern European-based law on the subject is derived, but is generally a feature of even the most basic legal systems. It differs from hypothecation and from the more usual mortgage in that the pledge is in the possession of the pledgee. [3] It is similar, however, in that all three can ...