What is the definition of Pledged asset? | Dictionary.net

PLEDGED ASSET

\plˈɛd͡ʒd ˈasɛt], \plˈɛd‍ʒd ˈasɛt], \p_l_ˈɛ_dʒ_d ˈa_s_ɛ_t]\

Definitions of PLEDGED ASSET

1910 - Black's Law Dictionary (2nd edition)

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Any asset that has been put up as collateral for a loan. Usually, that asset is transferred to the lender of the loan, until the loan has been cleared and acts as security.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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