82,891
edits
Pledge: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{anat|security}}A rare beast, in the annals of finance. A {{tag|legal security}} interest. | {{a|glossary|}}{{anat|security|}}A rare beast, in the annals of finance. A {{tag|legal security}} interest. | ||
===What?=== | ===What?=== | ||
A pledge is a [[security interest]] —a type of [[bailment]], if we're getting technical — created by transferring possession of an asset [[by way of security]] for a an obligation, with the intention to create that security interest | A pledge is a [[security interest]] —a type of [[bailment]], if we're getting technical — created by transferring possession of an asset [[by way of security]] for a an obligation, with the intention to create that [[security interest]] | ||
It is the act of pledging, not the document evidencing the pledge, which matters. | It is the act of pledging, not the document evidencing the pledge, which matters. | ||