Pledge - sustany/dvg GitHub Wiki

1.� A promise.

2.� A type of security interest in which a lender takes�possession of personal property as security for an obligation.� The personal property involved is also called a pledge.� Initially, the lender's possessory interest is subject to the rules of a bailment or other type of deposit.� If the borrower fails to perform as agreed, the lender may sell the personal property and keep the proceeds.