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A Stock Pledge is the transfer of stocks against a debt. It is an agreement. The debtor pledges the stocks as an asset against the amount of money taken from a lender and promises to return the amount. The debtor pledges the stocks as a security against the debt.
Pledge Document means the Pledge Agreement over deposits and securities or any other security document as stipulated by the Bank, executed or to be executed by the Borrower or other third party as security for the Facilities; Sample 1. Pledge Document means the resolution, indenture, trust agreement, loan.
A pledge agreement must be in writing. The same formalities as for a mortgage agreement apply. Pledge must be certified as a deed before a notary public. The same formalities as for a mortgage agreement apply.
A pledge is a bailment that conveys possessory title to property owned by a debtor (the pledgor) to a creditor (the pledgee) to secure repayment for some debt or obligation and to the mutual benefit of both parties. The term is also used to denote the property which constitutes the security.
(a) The Pledgor is the legal and beneficial owner of, and has good and marketable title to, the Pledged Collateral. (b) No financing statement or other evidence of lien covering or purporting to cover any of the Collateral is on file in any public office. 13.3 Pledged Collateral.