См. также: pledge of participatory interest, plenary session, plenum, plead a headache
A pledged asset is an asset that is transferred to a lender for the purpose of securing debt. (Investopedia)
A Lombard loan is usually defined as credit granted against securities pledged as collateral. (Bloomberg)
"The prime minister has pledged to bring in a bill to ""deliver better schools - with more radical measures to ensure young people leave education with the skills they need""." (BBC News)
General enforcement of pledge. In general, in the event of non-payment a creditor/pledgee cannot directly sell or dispose of pledged property, but must request sale by auction under the court's authority. (Practical Law)
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