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Tags: finance, microfinance
Categories: Economics & Finance
To ‘pledge’ something means to put that thing up as collateral, in return for a loan. The collateral must be returned once full repayment for the loan has been received.
(Law Dictionary: What is PLEDGING? definition of PLEDGING (Black’s Law Dictionary) http://thelawdictionary.org/pledging/#ixzz2ZPkjHZcd)
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