pledge

pledge is a Noun

Definition:

[1] 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.

[2] 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.

[6] A sentiment to which assent is given by drinking one`s health; a toast; a health. Dead pledge. Etym: [A translation of LL. mortuum vadium.] (Law) A mortgage. See Mortgage. -- Living pledge. Etym: [A translation of LL. vivum vadium.] (Law) The conveyance of an estate to another for money borrowed, to be held by him until the debt is paid out of the rents and profits. -- To hold in pledge, to keep as security. -- To put in pledge, to pawn; to give as security.