Topical Terminology > Pledged Asset
2 Definitions
Pledged Asset
For Pledged Asset we have terms and definitions in 2 topics. The topics are Accounting and Accounting Terms.
Pledged Asset (Accounting) 
is an asset that is transferred to a lender as security for debt. The lender of the debt takes possession of the pledged assetbut does not have ownership unless default occurs.
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Pledged Asset (Accounting Terms)
ASSET placed in a TRUST and used as COLLATERAL for a DEBT.
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