Living pledge
(Law) | The conveyance of an estate to another for money borrowed, to be held by him until the debt is paid out of the rents and profits. |
See also: Pledge
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
(Law) | The conveyance of an estate to another for money borrowed, to be held by him until the debt is paid out of the rents and profits. |
See also: Pledge