what is pledged
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pledge v. pledged, pledg·ing, pledg·es. v.tr. 1. To offer or guarantee by a solemn binding promise: pledge loyalty to a nation; pledge that the duties of the office will be fulfilled. See Synonyms at promise. 2. To bind or secure by a pledge or promise: pledged themselves to the cause.
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Bail the money or property pledged to the court or Bail the money or property pledged to the court or. This preview shows pages 4–6. Sign up to view the full content. bail The money or property pledged to the court or actually deposited with the court to effect the release of a person from legal custody.
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The Pledge â Taking Security over Shares In the event that the pledgor is in default under and in accordance with the term of the share pledge agreement the terms of that agreement will usually provide for the pledgee to enforce its security by transferring the pledged shares into its own name.
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- Not a mere formality, the oath is a public pledge that the official understands the requirements of the position, and will work to meet or exceed those requirements. Those taking the oath must fully consider the meaning of the oath and all of its important implications. An oath is a formal promise which, traditionally invokes God, or something else which the taker of the oath considers sacred, to act as a witness to the oath taker’s sincere intention to fulfill that promise.
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Pledging Pledged Asset. An asset that a borrower transfers to the possession of a lender as collateral for a loan. The borrower maintains ownership and all associated rights of the pledged asset.When the loan is repaid, the lender transfers possession back to the borrower.he pledged asset reduces the risk to the lender that the borrower will default, therefore possibly qualifying the borrower for some benefit, such as a lower interest rate. When buying a house, some mortgage borrowers will pledge an asset, such as stock, to the lender to qualify for a lower down payment.
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pledge Legal Definition of pledge. 1  1 : a delivery of especially personal property as security for a debt or other obligation; broadly : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee.
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DEFINITION of 'Pledge Fund' DEFINITION of 'Pledge Fund'. A special type of fund in which members of the fund work toward a specific investment goal by making defined contributions in a pool over a period of time. Many angel investors have started to employ a pledge fund format in venture capital investing. Next Up.
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- In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.
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Pledge (law) It differs from hypothecation and from the more usual mortgage in that the pledge is in the possession of the pledgee. It is similar, however, in that all three can apply to personal and real property. A pledge of personal property is known as a pawn and that of real property is called an antichresis.In earlier medieval law, especially in Germanic law, two types of pledge existed, being either possessory (cf.o right is acquired by the wrongful sale of a pledge except in the case of property passing by delivery, such as money or negotiable securities. In the case of a wrongful sale by a pledgee, the pledgor cannot recover the value of the pledge without a tender of the amount due.
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collateral Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default. also called security. “ We assessed if there would be any collateral damage as a result of our actions the other day at the meeting.
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- vow verb [T]. C2 to make a ​determined ​decision or ​promise to do something: [+ (that)] The ​guerrillas vowed (that) they would ​overthrow the ​government. [+ to infinitive] After the ​awful ​meals we had last ​Christmas, I vowed to do more of the ​cooking myself. More examples.
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Surety In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. The person or company providing the promise is also known as a surety or as a guarantor.
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Oath Traditionally an oath (from Anglo-Saxon āð, also called plight) is either a statement of fact or a promise with wording relating to something considered sacred as a sign of verity. A common legal substitute for those who conscientiously object to making sacred oaths is to give an affirmation instead.
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What is 'Pledged Asset' What is a 'Pledged Asset'. A pledged asset is transferred to a lender for the purpose of securing debt. Homebuyers can sometimes pledge assets, such as securities, to lending institutions to reduce the necessary down payment.
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commitment pledge - a binding commitment to do or give or refrain from something; an assurance of help when needed; signed a pledge never to reveal the secret assurance dedication, commitment - a message that makes a pledge
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pledge Every pledge has three parts: two separate parties, a debt or obligation, and a contract of pledge. The law of pledges is quite old, but in contemporary U.S. law it is governed in most states by the provisions for Secured Transactions in article 9 of the Uniform Commercial Code.
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- pledged loan -- A mortgage loan that has been identified and set aside as security for borrowing by the holder of the mortgage; particularly a loan that has been pledged as se … curity for an advance from a Federal Home Loan Bank. 2 people found this useful.ecured homeowner loans are only available to people owning a home which has a mortgage on their property. Those loans are often called second charge loan. The lender secure t … heir investment by claiming the house in case one cannot keep up with the rates.
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The Negative Pledge The Negative Pledge. Banks have traditionally used a device known as the negative pledge (“Negative Pledge”) in lending documents. The Negative Pledge is an agreement whereby a borrower-pledgor promises a lender not to place a lien on pledgor’s property.
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What is 'Pledged Asset' Pledged Asset. What is a 'Pledged Asset'. A pledged asset is transferred to a lender for the purpose of securing debt. Homebuyers can sometimes pledge assets, such as securities, to lending institutions to reduce the necessary down payment.
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- loyalty and allegiance mean faithfulness owed by duty or by a pledge or promise. loyalty is used of a very personal or powerful kind of faithfulness. allegiance is used of a duty to something other than a person, especially to a government or idea.
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earnest 3. any token of something to follow; pledge; assurance. [C13: from Old French erres pledges, plural of erre earnest money, from Latin arrha, shortened from arrabō pledge, from Greek arrabon, from Hebrew `ērābhōn pledge, from `ārabh he pledged]
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pledge The definition of a pledge is something held as security on a contract, a promise, or a person who is in a trial period before joining an organization. An example of a pledge is a cash down payment on a car. An example of a pledge is a promise that you'll buy a person's car.
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The Pledge â Taking Security over Shares Similarly, in the context of a pledge of shares, a share pledge agreement is usually executed between the registered owner of the pledged shares (the pledgor) and the individual or legal entity in whose favour the pledge is executed (the pledgee).
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commitment allegiance - the act of binding yourself (intellectually or emotionally) to a course of action; his long commitment to public service; they felt no loyalty to a losing team. commitment, loyalty, dedication.
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What's the difference between collateral and pledge? I'm Scottish. collateral. adj 1 descended from a common ancestor, but through a different branch of the family. 2 additional; secondary in importance; subsidiary. 3 running parallel. noun 1 a collateral relative. 2 assets offered to a creditor as security for a loan. Also called collateral security. noun 1 a solemn promise. 2 something left as security with someone to whom one owes money, etc. 3 something put into pawn.
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pledge pledge. n. 1. A solemn binding promise to do, give, or refrain from doing something: signed a pledge never to reveal the secret; a pledge of money to a charity. 2. a. Something given or held as security to guarantee payment of a debt or fulfillment of an obligation.