"Pledged Asset" Definition
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 Glossary   >   P   >   "Pledged Asset" Definition   

        Pledged Asset

An asset that is transferred to a lender for the purpose of securing debt. The lender of the debt maintains possession of the pledged asset, but does not have ownership unless default occurs.

Pledged Asset


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Pledged Asset - An asset that is transferred to a lender for the purpose of securing debt. The lender of the debt maintains possession of the pledged asset, but does not have ownership unless default occurs.


Pledged Asset : an asset that is transferred to a lender for the purpose of securing debt. the lender of the debt maintains possession of the pledged asset, but does not have ownership unless default occurs.