Meaning of Pledge :
"Pledge means bailment of goods for purpose of providing security for payment of debt or performance of promise". Section 172 of contract act 1872.
The person, whose gooods are bailed is called the Pawnor, the person who takes the goods as security is called the Pawnee.
related tags,
definition of pledge, what is the meaning of pledgs, pldge section andd act.
"Pledge means bailment of goods for purpose of providing security for payment of debt or performance of promise". Section 172 of contract act 1872.
The person, whose gooods are bailed is called the Pawnor, the person who takes the goods as security is called the Pawnee.
related tags,
definition of pledge, what is the meaning of pledgs, pldge section andd act.
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