4 definitions found
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Pledge \Pledge\, n. [OF. plege, pleige, pledge, guaranty, LL
plegium, plivium akin to OF plevir to bail, guaranty,
perhaps fr L. praebere to proffer, offer (sc. fidem a trust,
a promise of security), but cf also E. play. [root]28. Cf
{Prebend}, {Replevin}.]
1. (Law) The transfer of possession of personal property from
a debtor to a creditor as security for a debt or
engagement; also the contract created between the debtor
and creditor by a thing being so delivered or deposited,
forming a species of bailment; also that which is so
delivered or deposited; something put in pawn.
Note: Pledge is ordinarily confined to personal property; the
title or ownership does not pass by it possession is
essential to it In all these points it differs from a
mortgage [see {Mortgage}]; and in the last from the
hypotheca of the Roman law. See {Hypotheca}. --Story.
Kent.
2. (Old Eng. Law) A person who undertook, or became
responsible, for another; a bail; a surety; a hostage. ``I
am Grumio's pledge.'' --Shak.
3. A hypothecation without transfer of possession.
4. Anything given or considered as a security for the
performance of an act a guarantee; as mutual interest is
the best pledge for the performance of treaties. ``That
voice, their liveliest pledge of hope.'' --Milton.
5. A promise or agreement by which one binds one's self to
do or to refrain from doing something especially, a
solemn promise in writing to refrain from using
intoxicating liquors or the like as to sign the pledge;
the mayor had made no pledges.
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Pledge \Pledge\, v. t. [imp. & p. p. {Pledged}; p. pr & vb n.
{Pledging}.] [Cf. OF pleiger to give security. See {Pledge},
n.]
1. To deposit, as a chattel, in pledge or pawn; to leave in
possession of another as security; as to pledge one's
watch.
2. To give or pass as a security; to guarantee; to engage; to
plight; as to pledge one's word and honor.
We mutually pledge to each other our lives, our
fortunes, and our sacred honor. --The
Declaration of
Independence.
3. To secure performance of as by a pledge. [Obs.]
To pledge my vow, I give my hand. --Shak.
4. To bind or engage by promise or declaration; to engage
solemnly; as to pledge one's self
5. To invite another to drink, by drinking of the cup first
and then handing it to him as a pledge of good will
hence to drink the health of to toast.
Pledge me my friend, and drink till thou be'st
wise. --Cowley.
From WordNet r 1.6 [wn]:
pledge
n 1: a deposit of personal property as security for a debt; "his
saxophone was in pledge"
2: someone accepted for membership but not yet fully admitted
to the group
3: a drink in honor of or to the health of a person or event
[syn: {toast}]
4: a binding commitment to do or give or refrain from
something: "an assurance of help when needed"; "signed a
pledge never to reveal the secret" [syn: {assurance}]
v 1: promise solemnly and formally [syn: {plight}]
2: propose a toast to "Let us toast the birthday girl!" "Let's
drink to the New Year" [syn: {toast}, {drink}, {salute}]
3: give as a guarantee; "I pledge my honor"
4: bind or secure by a pledge
From Easton's 1897 Bible Dictionary [easton]:
Pledge
See {LOAN}.
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