/plɛdʒd ˈprɒpərti/ – Phrase
Definition: tài sản đã cầm cố, tài sản đã thế chấp.
A more thorough explanation: “Pledged property” refers to an asset or piece of property that has been used as collateral to secure a loan or debt. In the event that the borrower defaults on the loan, the lender has the right to take possession of the pledged property to recover the amount owed.
Example: The debtor pledged the property as collateral for the loan.