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LSDefine

Simple English definitions for legal terms

Pledge

Read a random definition: mast selling

A quick definition of Pledge:

Term: Pledge

Definition: A pledge is a promise or commitment to do something. It can also refer to a type of agreement where someone gives something valuable, like a piece of jewelry or a car, to a lender as security for a loan. This valuable item is called a pledge. If the borrower doesn't pay back the loan, the lender can sell the pledge to get their money back.

A more thorough explanation:

Definition: A pledge is a promise or a commitment to do something. It can also refer to a type of security interest where a lender takes possession of personal property as collateral for a loan. The personal property involved is also called a pledge. Initially, the lender's possessory interest is subject to the rules of a bailment or other type of deposit. If the borrower fails to perform as agreed, the lender may sell the personal property and keep the proceeds.

  • When you join a fraternity or sorority, you may be required to take a pledge to uphold the values and traditions of the organization.
  • John needed a loan to start his business, so he pledged his car as collateral. If he fails to repay the loan, the lender can sell the car to recover the money.

The examples illustrate the two different meanings of the term "pledge." In the first example, a pledge is a promise or commitment to follow certain rules or values. In the second example, a pledge is a type of security interest where personal property is used as collateral for a loan. In both cases, the pledge represents a binding agreement between two parties.

Pleading | Plenary

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Dkk
0:27
@ChowieBean: if I were you I would go all T14s and then like Vanderbilt, BU, whatever.
yea i agree i think you are competitive for all T14s
Dkk
0:28
I am watching legally blonde for the first time right now so bye bye good luck!
0:28
Yea get the t14 in pronto, then shotgun some off after . See ya Dkk
Dkk
0:28
Ill unprivate my profile for christmas if you want to see what I did @chowie
Dkk
0:29
Good luck!
windyMagician
0:31
goated school list dk
Dkk
0:35
@windyMagician: ty ty, hopefully I get just one of them unlike last year
windyMagician
0:37
you will get into Michigan so that we can be lawyers club neighbors
windyMagician
0:39
not to sound ungrateful but getting into my top choice early feels like the main quest is time locked and I have to do side quests to pass the time before I can advance the main story
0:40
do yall know if the law school grants based on percentile are annual or one-time
Dkk
0:43
@windyMagician: I like that! ty!
Dkk
0:43
@ChowieBean: can be both but on this website you are supposed to enter annual.
0:50
Proud of u windy, big W. Chow, r u talking about the new 509s where it separates grants from scholarships? Not sure on that, but school’s offer usually state it per year, and on here / other sites, it is usually total (all 3yrs) if that helps
0:51
Dk do u want to stay west coast for school/ post grad?
Dkk
0:55
@llama: nah I really do not care where I go. I just want to study and practice law.
0:56
@Dkk: fuckin word, I feel that
windyMagician
1:05
the gym side quest
2:19
is it too late to apply to duke
Dkk
2:47
according to the charts Duke accepted some 168 4.0's as late as April last year so no if you want to wait till april. They also did some Februaries so if you get lucky you could know earlier. The 168's they accepted in December were like ED's so that opportunity has passed. @chowiebean
Dkk
2:49
Again, I say shoot your shot. You gotta be more decisive than this.
11:34
Merry Christmas LSD: Life only makes sense when you look back on it. As you look forward, it is a scary mystery. But just work hard, and find stuff you don't hate to do. It will all work out.
jackfrost11770
11:36
MERRY CHRISTMAS LSDERSSSS
jackfrost11770
11:36
im having chinese food even tho im not jewish
11:37
hallo merry christmas
11:37
i celebrate both so happy hanukkah also to those who celebrats
11:41
huge day for bunny nation
11:50
heyy
merry christmas battle brethren :)
jackfrost11770
12:03
bunny noise are you babycat cheriebomb
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