Wilson County, TN Circuit Court
Wilson County, TN Circuit Court

Pledge

Pledge

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
2  a : property and especially personal property that is used as security especially upon delivery; broadly : a security interest in collateral — compare chattel mortgage at mortgage
b : a contract under which the delivery of property (as personal property) as security takes place
3 a : the state of being held as security or guaranty property held in pledge
b : something given as security for the performance of an act
4 : a binding promise to do or forbear

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