The delivery of an asset in order to secure the performance of an obligation by one party [the debtor] vis-à-vis another [the secured party]. For the secured party, a pledge creates a security interest in the asset delivered, while ownership of the asset remains further on with the debtor). – See stock pledge, bond pledge, collateralization, book debt, default, deposit money, fist pledge, coffee tax, child pledge, credit, secured, mortuary pledge, collateralization, chattel mortgage, Monte, repurchase agreement, real security, collateral, tertiarization, usury.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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