MLchartDataset catalogue

Pledge

Term · Law · MLC-T-LAW-003772

The transfer of possession of personal property from a debtor to a creditor as security for a debt or obligation. The creditor holds the property until the debt is repaid, at which point the property is returned to the debtor. This arrangement creates a possessory lien for the creditor.

Table 1. Record
IdentifierMLC-T-LAW-003772
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003772",
  "term": "Pledge",
  "field": "Law",
  "definition": "The transfer of possession of personal property from a debtor to a creditor as security for a debt or obligation. The creditor holds the property until the debt is repaid, at which point the property is returned to the debtor. This arrangement creates a possessory lien for the creditor.",
  "url": "https://mlchart.com/terminology/law/pledge/"
}

Record 3,793 of 5,445 in Law terminology (MLC-0107). Request the full dataset.