Living pledge
Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf. {Prebend}, {Replevin}.] 1. (Law) The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement; also, the contract created between the debtor and creditor by a thing being so delivered or deposited, forming a species of bailment; also, that which is so delivered or deposited; something put in pawn. [1913 Webster]

Note: Pledge is ordinarily confined to personal property; the title or ownership does not pass by it; possession is essential to it. In all these points it differs from a mortgage [see {Mortgage}]; and in the last, from the hypotheca of the Roman law. See {Hypotheca}. --Story. Kent. [1913 Webster]

2. (Old Eng. Law) A person who undertook, or became responsible, for another; a bail; a surety; a hostage. ``I am Grumio's pledge.'' --Shak. [1913 Webster]

3. A hypothecation without transfer of possession. [1913 Webster]

4. Anything given or considered as a security for the performance of an act; a guarantee; as, mutual interest is the best pledge for the performance of treaties. ``That voice, their liveliest pledge of hope.'' --Milton. [1913 Webster]

5. A promise or agreement by which one binds one's self to do, or to refrain from doing, something; especially, a solemn promise in writing to refrain from using intoxicating liquors or the like; as, to sign the pledge; the mayor had made no pledges. [1913 Webster] [1913 Webster]

6. A sentiment to which assent is given by drinking one's health; a toast; a health. [1913 Webster]

{Dead pledge}. [A translation of {LL}. mortuum vadium.] (Law) A mortgage. See {Mortgage}.

{Living pledge}. [A translation of LL. vivum vadium.] (Law) The conveyance of an estate to another for money borrowed, to be held by him until the debt is paid out of the rents and profits.

{To hold in pledge}, to keep as security.

{To put in pledge}, to pawn; to give as security. [1913 Webster]

Syn: See {Earnest}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • living pledge — An estate which arises when a person borrows a specific sum and grants property to the lender to hold until the rents and profits shall repay the sum so borrowed, whereupon the property reverts to the borrower. Spect v Spect, 88 Cal 437, 26 F 203 …   Ballentine's law dictionary

  • living pledge — noun : the transfer of possession of an estate to a lender to be held by him until the debt is paid out of the rents and profits compare mortgage …   Useful english dictionary

  • Pledge — Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf. {Prebend},… …   The Collaborative International Dictionary of English

  • Dead pledge — Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf.… …   The Collaborative International Dictionary of English

  • To hold in pledge — Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf.… …   The Collaborative International Dictionary of English

  • To put in pledge — Pledge Pledge, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf.… …   The Collaborative International Dictionary of English

  • estate in pledge — See dead pledge; living pledge; mortgage; pledge …   Ballentine's law dictionary

  • The Pledge: Requiem for the Detective Novel — First edition cover, U.K. release This article is about the novella. For the film, see The Pledge (film). The Pledge (German: Das Versprechen) is a crime novella by Swiss author Friedrich Dürrenmatt, published in 1958, after Dürrenmatt thought… …   Wikipedia

  • Barbados National Pledge — The National Pledge of Barbados is as follows: I pledge allegiance to my country Barbados and to my flag, : To uphold and defend their honour, : And by my living to do credit : To my nation wherever I go. According to the Barbados government… …   Wikipedia

  • Dead pledge — Dead Dead (d[e^]d), a. [OE. ded, dead, deed, AS. de[ a]d; akin to OS. d[=o]d, D. dood, G. todt, tot, Icel. dau[eth]r, Sw. & Dan. d[ o]d, Goth. daubs; prop. p. p. of an old verb meaning to die. See {Die}, and cf. {Death}.] 1. Deprived of life;… …   The Collaborative International Dictionary of English

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