pledged asset

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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 ?
Although the ASTA conference ended yesterday, American Express continues to accept pledges from travel agents.
As a prince or princess, you have the unique ability to form a Blood Pledge -- enlisting others to follow and protect you in the quest to claim your place as rightful heir to the kingdom of Aden.
One lucky recycler who fills out a pledge (a written promise to improve their recycling habits by being better recyclers or consciously purchasing recycled-content products) will win a customized vacation to Costa Rica.
We've found that companies are truly ready to give back and drive incredible impact in their communities-500 pledges is just the beginning.
The Gittlers have taken their America Recycles Day pledge to heart.
Alter the Promise: the STD consequences of adolescent virginity pledges.
SHERMAN OAKS - Mayor James Hahn and a renters' coalition said Thursday they don't trust San Fernando Valley candidates to carry out their pledge to keep rent control in an independent Valley city.
This year's sexy freshman pledges quickly experience a whirlwind tour of sorority row where anything goes.
After conducting bivariate analyses, the analyst used logistic regression to identify demographic, socioeconomic and psychosocial characteristics associated with retracting reports of virginity pledges and sexual experience.
Ferreyra said the Valley Independence Committee solicited pledges from candidates on rent control to eliminate a scare tactic used by secession opponents.
As part of the national program, which kicks-off today, SYLVANIA has committed to collect 100,000 Change a Light pledges on its website, www.
Hikers are invited to obtain pledges for each mile they walk or a flat amount pledge.