A pledge is an asset or assets given to a lender as collateral (that is, the lender basically holds the pledge hostage until you pay back your loan, and he gets to keep it if you don’t).

A pledge is also a promise to donate money to a charity or other fundraising cause (so if you “pledge” $5,000, you haven’t actually given it, but you’ve promised to do so).

Tags: fundraising, loans, pledge