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 ?
All four commercial pledges were registered last Friday, August 9.
Gallagher CEO Signs Pledge for Workplace Diversity, Inclusion
The Opposition Party's assessment, according to the press release, is based on the premises of language used by the government to interpret the pledges, what it said about their pledges on campaign platform, the social and economic implications of the government's pledges, and Opposition's Stand and Approach.
Data showed that investment pledges from China in the whole of 2018 grew over 2,000 percent to P50.69 billion, from P2.33 billion.
Similarly, Anil Agarwal has pledged almost entire promoter holding to keep Sterlite Technologies running while promoters of GMR Group also seems to have been left with no option but to pledge over 82 per cent of promoter holding.
These cover investment pledges cleared by the Board of Investments (BOI), Clark Development Corp.
The Board of Investments (BOI) has received around P575 billion worth of investment pledges as of the middle of November, inching closer to its target for 2018.
The report finds that, as of end of July for 2018, donors have already contributed 95 percent (USD 4.1 billion) of the pledges made to provide funding in Egypt, Iraq, Jordan, Lebanon and Syria.
The Penang state government has set up a taskforce to measure its performance in delivering Pakatan Harapan's (PH) pledges made to the state before the general election.
Once recorded, individual pledges are classified in three categories: "fulfilled", "fulfilled in part" and "unfulfilled." To be classified as fulfilled, a pledge has to be followed by a subsequent government action (a law, a regulation, a policy statement, a budget allocation, a treaty or an agreement that has been passed).