living pledge

noun

: the transfer of possession of an estate to a lender to be held by him until the debt is paid out of the rents and profits compare mortgage

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Dictionary Entries Near living pledge

Cite this Entry

“Living pledge.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/living%20pledge. Accessed 22 Dec. 2024.

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