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:

  • pledge — 1 / plej/ n 1: a delivery of esp. 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… …   Law dictionary

  • Pledge — Pledge, v. t. [imp. & p. p. {Pledged}; p. pr. & vb. n. {Pledging}.] [Cf. OF. pleiger to give security. See {Pledge}, n.] 1. To deposit, as a chattel, in pledge or pawn; to leave in possession of another as security; as, to pledge one s watch.… …   The Collaborative International Dictionary of English

  • pledge# — pledge n Pledge, earnest, token, pawn, hostage are comparable when they denote something that is given or held as a sign of another s faith or intention to do what has been promised. Pledge, originally and still in some applications a technical… …   New Dictionary of Synonyms

  • pledge — [plej] n. [ME plegge < OFr pleige < ML plegium < plevium, security, warranty, infl. by Frank * pligi, liability; akin to OS plegan, to warrant] 1. the condition of being given or held as security for a contract, payment, etc. [a thing… …   English World dictionary

  • pledge — (n.) mid 14c., surety, bail, from O.Fr. plege (Fr. pleige) hostage, security, bail, probably from Frankish *plegan to guarantee, from a West Germanic root meaning have responsibility for (Cf. O.Saxon plegan vouch for, O.H.G. pflegan to care for,… …   Etymology dictionary

  • pledge — [n1] word of honor agreement, assurance, covenant, guarantee, health, oath, promise, toast, undertaking, vow, warrant, word; concepts 71,278 Ant. break pledge [n2] sign of good faith bail, bond, collateral, deposit, earnest, gage, guarantee,… …   New thesaurus

  • Pledge — [plɛdʒ] das; <aus gleichbed. engl. pledge> (veraltet) Handgeld, Unterpfand …   Das große Fremdwörterbuch

  • pledge — ► NOUN 1) a solemn promise or undertaking. 2) Law a thing that is given as security for the fulfilment of a contract or the payment of a debt and is liable to forfeiture in the event of failure. 3) (the pledge) a solemn undertaking to abstain… …   English terms dictionary

  • Pledge — (engl., spr. pledsch), Pfand; Gelübde bei Aufnahme in einen Mäßigkeits (Temperenz ) Verein …   Meyers Großes Konversations-Lexikon

  • PLEDGE — The Concept In Jewish law, in addition to the personal right of action against the debtor, the creditor also has a right of lien on   the latter s property. This lien automatically comes into being when the debt is created and is termed aḥarayut… …   Encyclopedia of Judaism

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