Pledge \Pledge\, n. [OF. plege, pleige, pledge, guaranty, LL. plegium, plivium; akin to OF. plevir to bail, guaranty, perhaps fr. L. praebere to proffer, offer (sc. fidem a trust, a promise of security), but cf. also E. play. [root]28. Cf. {Prebend}, {Replevin}.] 1. (Law) 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.
Note: Pledge is ordinarily confined to personal property; the title or ownership does not pass by it; possession is essential to it. In all these points it differs from a mortgage [see {Mortgage}]; and in the last, from the hypotheca of the Roman law. See {Hypotheca}. --Story. Kent.
2. (Old Eng. Law) 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}. [A translation of {LL}. mortuum vadium.] (Law) A mortgage. See {Mortgage}.
{Living pledge}. [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.
Syn: See {Earnest}.
Pledge \Pledge\, v. t. [imp. & p. p. {Pledged}; p. pr. & vb. n. {Pledging}.] [Cf. OF. pleiger to give security. See {Pledge}, n.] 1. To deposit, as a chattel, in pledge or pawn; to leave in possession of another as security; as, to pledge one's watch.
2. To give or pass as a security; to guarantee; to engage; to plight; as, to pledge one's word and honor.
We mutually pledge to each other our lives, our fortunes, and our sacred honor. --The Declaration of Independence.
3. To secure performance of, as by a pledge. [Obs.]
To pledge my vow, I give my hand. --Shak.
4. To bind or engage by promise or declaration; to engage solemnly; as, to pledge one's self.
5. To invite another to drink, by drinking of the cup first, and then handing it to him, as a pledge of good will; hence, to drink the health of; to toast.
Pledge me, my friend, and drink till thou be'st wise. --Cowley.
A pledge by the Contras not to dispatch any forces into Nicaragua from base camps in Honduras, in addition to withdrawing 2,000 of their estimated 5,000 troops based in Nicaragua.
U.S. officials appear to have given up a demand they voiced last week that Japan pledge a specific percentage of its annual gross national product to public works.
As a backup in case revenues fall short, however, some issuers pledge other taxes to repay the bonds; other issuers agree to allocate money from their budgets.
The statement appeared to be the most high-powered pledge of solidarity yet by writers with Rushdie and his publishers, and was a response to Khomeini's Feb. 14 call.
The case concerned the school board's right to require a teacher to lead the pledge, an issue identical to that in Massachusetts.
Sharon made the pledge as he established a new settlement, Kanaf, in the region, which the Israelis annexed in 1981.
Carlucci's visit to Lisbon followed months of public complaints by Cavaco Silva and other Portuguese leaders that the United States had failed to live up to its pledge in the 1983 base accord to provide increasing amounts of aid.
Three of four Americans believe President Bush will ask Congress for a tax increase despite his campaign pledge that he would not raise taxes, according to a poll published today.
Expanding on an earlier campaign pledge, Bush also said he would seek to persuade the Soviet Union and China to join industrial nations of the West in forging new restrictions on the sale of missiles capable of carrying chemical weapons.
The sanctity of human life, moral standards, personal and institutional responsibility _ even the pledge of allegiance _ too often these are the subject of denigration or embarrassment among leaders of the Democratic Party.
This difference is crystallized in the tax pledge.
Many on Capitol Hill have also been pressing the Bush administration to pledge more time for economic sanctions to work.
Some Republicans have said Atwater's political acumen is sorely missed in the White House, as Bush was beset by economic and budget problems including his decision to abandon his pledge against raising taxes.
"When my son died, I wrote my pledge," Wimbish said. "I said I will not now or ever let people forget." A reputed top member of the Medellin drug cartel was convicted today of two counts of drug conspiracy.
Some 30% mentioned Mr. Bush's violation of his "no-new-taxes" pledge as a very important factor in their vote; only 5% mentioned trade.
The fresh infusions of cash on the part of the Fed were an effort by the central bank to back up its pledge to keep the Friday the 13th stock market plunge from having a disastrous ripple effect through the financial system.
In addition it must maintain its pledge to reduce its fleet and dispose of assets, such as the Meridien hotels chain. Previous restructuring at Air France has failed miserably, often due to the resistance of the airline's 14 trade unions.
By custom, schoolchildren have recited the pledge for four generations.
In selecting Sullivan on Thursday, President-elect Bush fulfilled his pledge to name a black to his Cabinet.
They purchase zero-coupon Treasuries now and pledge them irrevocably to the bonds.
The premise is that local businesses pledge jobs to high school graduates in exchange for school improvements such as a reduction in the dropout rate.
Secretary of Education William J. Bennett said Democratic leaders are embarrassed by efforts to teach schoolchildren values and the pledge of allegiance.
The United States and its allies finally settled their policy differences with a new pledge last Dec. 22 to work closely to keep the dollar from declining further.
The churches backed out after Dallas businessman Clifford Sugerman reneged on a $300,000 pledge.
Congressional Republicans are unhappy that Democrats have refused to put forth a specific proposal, even after Bush backed away from a campaign pledge to oppose tax increases.
Hungary said Tuesday some Soviet soldiers would be leaving its soil soon, but it was vague in making the first announcement of action on Mikhail S. Gorbachev's pledge to withdraw forces from Eastern Europe.
And most will come through the House Education and Labor Committee chaired by Augustus Hawkins, D-Calif., who has a pledge of his own: to promote anything his committee thinks will be good for the country _ cost be damned.
The Nhan Dan newspaper said China backed away from a previous pledge during talks in Beijing this week on Cambodia, where Vietnamese forces are battling insurgents armed by China.
It is interesting to contemplate the political considerations that led Helmut Kohl to violate his tax pledge.
But Mrs. Aquino's pledge to restore democracy has not been enough to quell the 19-year Communist insurgency, which expanded during the 20-year rule of her ousted predecessor.