pledge
Definitions (2)
1. Cash deposit or placing of owned property by a debtor (the pledger) to a creditor (the pledgee) as a security for a loan or obligation. The pledgee has an implied right to confiscate and/or sell the pledged property to satisfy his or her claim in case of a default.
2. Property so deposited.
Use pledge in a sentence
Related Videos
http://www.businessdictionary.com/definition/pledge.html
