pledged asset

(redirected from pledges)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
Related to pledges: Pledge of Allegiance

Pledged Asset

An asset that a borrower transfers to the possession of a lender as collateral for a loan. The borrower maintains ownership and all associated rights of the pledged asset. When the loan is repaid, the lender transfers possession back to the borrower. The pledged asset reduces the risk to the lender that the borrower will default, therefore possibly qualifying the borrower for some benefit, such as a lower interest rate. When buying a house, some mortgage borrowers will pledge an asset, such as stock, to the lender to qualify for a lower down payment. See also: Secured loan.

pledged asset

An asset used as security for a loan.
References in periodicals archive ?
Registration of share pledges with the QCSD can take up to three business days.
The Gittlers have taken their America Recycles Day pledge to heart.
Alter the Promise: the STD consequences of adolescent virginity pledges.
Hahn and Larry Gross of the Coalition for Economic Survival cited the legislative record of one candidate who signed the rent-control pledge and the records of other secession supporters who either didn't sign the pledge or aren't running for office.
Consequently, she concludes that health care providers should explicitly ask youth who have taken virginity pledges if they had had sex before taking the pledge, and programs that encourage virginity pledges should "ensure that pledgers know they bear the risks of previous sexual behaviors.
But the leader of Mayor James Hahn's anti-secession campaign called the pledges meaningless and said a new city wouldn't necessarily represent renters.
The pledges SYLVANIA collects as part of the Change a Light campaign can lead to greenhouse gas reductions equivalent to the pollution created by 2500 cars annually," said Jennifer Dolin, SYLVANIA environmental marketing manager.
To register or to make a pledge call (805) 983-7100.
The first 50 residents to take pledges will be entered in a drawing for free passes to Six Flags California, one of the program's numerous corporate sponsors.
as the borrower, bondholder security is enhanced by the Montana Board of Investment's irrevocable and unconditional pledge to make up any deficiency in the debt service reserve fund.
If a woman can make simple pledges to change the small things, she's well on her way to leading a fuller, healthier life.
8 million mark with their pledges to the United Way of Greater Los Angeles' 2004-'05 campaign, the company announced today.