pledge

PLEJ /plɛdʒ/
nounverbB1SATACT
GeneralFinancialFormal

A solemn promise or agreement; in finance, a physical object given to a lender as security for a loan.

Can mean a verbal/written promise (like a charity pledge) or the actual physical item deposited as collateral.

The story behind the word. Originating in the medieval legal system, a 'pleige' was a person who stood as security for another's appearance in court. It eventually shifted from the person acting as security to the physical object deposited as security.

Word relationships

  • promise: Promise is informal and general, while pledge is formal and often backed by an asset or public commitment.
  • guarantee: A guarantee is a legal assurance, whereas a pledge can be the physical object itself.
  • renege: To go back on a promise or commitment.

Commonly confused with

  • oath: An oath is a religious or legal invocation of truth, while a pledge is a commitment to do something or an asset deposited.

Word family

  • pledger (noun): A person who gives a pledge.

Collocations

  • make a pledge
  • sign a pledge
  • pledge allegiance
  • hold as a pledge

Example sentences

  • "She left her diamond brooch as a pledge for the fifty-dollar loan." Pawning an item.
  • "The nations made a solemn pledge to reduce carbon emissions by half." A formal promise of support.

Memory hook

Think of the 'Pledge' furniture polish. You make a 'pledge' to keep your wooden table clean and shiny. A pledge is a promise you can polish (keep bright).

When not to use

Do not use for casual, non-binding promises; a pledge implies a serious, formal commitment or physical security.

Fun facts

  • In traditional English pubs, a patron might leave their hat or coat as a 'pledge' to ensure they would return to pay their bar tab.

Related words

collateral, redeem

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