Generally, the transfer of real estate as collateral for a loan. – A pledge demanded by a bondholder if the issuer of a bond is not sufficiently trusted. In connection with the Dawes bond in 1924, Germany was thus required to pledge the Reichseisenbahn, customs revenues, and excise taxes. – See collateral risk, developer, real estate collateral, London Debt Conference, pledge, real credit,. Rhine-Ruhr Levy.
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