pledging

Definition

Offering assets to a lender as collateral for a loan. Though the asset will be pledged to the lender, it it still owned by the borrower unless he/she defaults on the loan.

Use pledging in a sentence

We are pledging to the flag of the United States of America tonight in the cafeteria, please don't be late.

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You should try and offer some pledging if you think that the other party does not fully trust you or your company.

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John Smith balked at the idea of pledging his Autos to Pawn Financing Inc, in order to get enough money to pay his mortgage.

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