pledged asset

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Related to pledged: Pledged Assets

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.
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pledged asset

An asset used as security for a loan.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Even Kishore Biyani controlled Future Group of companies have high levels of pledged share of between 50-70 per cent while Naveen Jindal Group that has also lately faced problems with his energy business having lost the linked coal block has pledged almost half of his holding in Jindal Steel and Power.
AMPLE CUSHION FOR DEBT SERVICE: Although pledged revenues are economically sensitive, they provide ample coverage of debt service on consolidated and county transportation bonds, including under stress scenarios.
Kenya on her part pledged to confront the challenge of waste management and plastic pollution.
The pledgor is required to provide monthly reports of the stock available and if the quantity is not permitted to fall below 50% of the required pledged property unless the parties have agreed otherwise.
The troubles of promoters seem magnified when we looked at things from another angle -- shares pledged as a per cent of total promoters holdings.
We suspect the presence of the experimental demand effect due to the difference between the pledged and received amount in the account of the trust.
The Task Force proposal would assign a capital charge of a tiered percentage for insurers depending on the companies' percentage of restricted or pledged assets.
It may be mentioned that 430 million dollars have been pledged by the international community for the relief and rehabilitation of displaced persons out of which only a small amount has actually been received in cash grants and relief goods.
This correspondence provides updated information on the amounts of loans and grants pledged by each donor country, as well as the status of those pledges.
PLEDGE: Salmond has also pledged to put a mini-wind turbine on every school in the country.