PLEDGE : The transfer of title or possession of personal property to a creditor as security for a debt.
A non-binding announcement of an intended contribution or allocation by the donor. Can be specific as to appealing agency and project, or specify only the crisis (e.g. a pledge for the Darfur crisis or for the Sudan Consolidated Appeal).
The delivery of assets in order to secure the performance of an obligation by one party (the debtor) vis-à-vis another (the secured party). For the secured party, a pledge creates a security interest (a “lien”) in the assets delivered, while ownership of the assets remains with the debtor.
"Pledge" means a private-sector donation received by FOUNDATION or to be paid to FOUNDATION in not more than five (5) annual installments; if payable in installments, it must be evidenced by a legally binding and enforceable contract between FOUNDATION and the donor in form reasonably acceptable to COUNTY and CITY and shall provide, at a minimum, that the initial installment will be paid not later than the year following the year in which the contract is made, provided however, that any Pledge pursuant to a Naming Agreement equal to or greater than $15,000,000 may be payable in not less than fifteen (15) annual installments and may contain such other approval rights and/or conditions as are reasonably acceptable to CITY, COUNTY and FOUNDATION.
Pledge has been defined 7 different ways in documents like Fifth District Legal Terminology, Oregon Revised Statutes (2007), Health Systems Strengthening Glossary, and 4 more.