Definition, Meaning & Synonyms
pledgeable
Adjective
/ˈplɛdʒəbl/
Definition
Capable of being pledged as collateral or security for a loan or agreement.
Examples
- The assets were pledgeable to secure the loan.
- In order to qualify for the mortgage, the bank required pledgeable items to cover the loan.
- Many individuals use their home as pledgeable property when taking out personal loans.
Meaning
The term ‘pledgeable’ refers to something that can be offered as a guarantee or assurance, often in the context of financial transactions.
Synonyms
- collateral
- security
- guarantee
