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Từ vựng:

PLEDGERY

Giải nghĩa:

/plɛdʒəri/ – Noun


Definition: việc bảo lãnh, việc bảo đảm.

A more thorough explanation: Pledgery is the act of creating or managing a pledge as collateral for a debt or obligation, typically involving the transfer of possession of an asset to the lender as security.

Example: A business might use pledgery when it pledges its equipment as collateral for a loan. If the business defaults on the loan, the lender has the right to seize and sell the equipment to recover the debt.