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Pledge vs Collateral - What's the difference?

pledge | collateral |

As nouns the difference between pledge and collateral

is that pledge is a solemn promise to do something while collateral is a security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. (Originally supplied as "accompanying" security..

As a verb pledge

is to make a solemn promise (to do something).

As an adjective collateral is

parallel, along the same vein, side by side.

pledge

English

(wikipedia pledge)

Verb

(pledg)
  • To make a solemn promise (to do something).
  • To deposit something as a security; to pawn.
  • To give assurance of friendship by the act of drinking; to drink to one's health.
  • * 1773 ,
  • HARDCASTLE [Taking the cup.] I hope you'll find it to your mind. I have prepared it with my own hands, and I believe you'll own the ingredients are tolerable. Will you be so good as to pledge me, sir? Here, Mr. Marlow, here is to our better acquaintance. [Drinks.]
  • * 1852 , Matthew Arnold, Tristram and Iseult
  • Reach me my golden cup that stands by thee,
    And pledge me in it first for courtesy.

    Noun

    (en noun)
  • A solemn promise to do something.
  • Something given by a person who is borrowing money etc to the person he has borrowed it from, to be kept until the money etc is returned.
  • A person who has taken a pledge of allegiance to a college fraternity, but not yet formally approved.
  • A security to guarantee payment of a debt.
  • A drinking toast.
  • A promise to abstain from drinking alcohol.
  • Synonyms

    * (l) * (l)

    Derived terms

    * (l) * (l)

    collateral

    English

    Adjective

    (-)
  • parallel, along the same vein, side by side.
  • Corresponding; accompanying, concomitant.
  • * Wordsworth
  • Yet the attempt may give / Collateral interest to this homely tale.
  • Being aside from the main subject; tangential, subordinate, ancillary.
  • Although not a direct cause, the border skirmish was certainly a collateral incitement for the war.
  • * Macaulay
  • That he [Atterbury] was altogether in the wrong on the main question, and on all the collateral questions springing out of it, is true.
  • (family ) of an indirect ancestral relationship, as opposed to lineal descendency.
  • ''Uncles, aunts, cousins, nephews and nieces are collateral relatives.
  • * 1885 , , The Book of the Thousand Nights and a Night , volume 5,
  • The pure blood all descends from five collateral lines called Al-Khamsah (the Cinque).
  • relating to a collateral in the sense of an obligation or security
  • expensive to the extent of being paid through a loan
  • Coming or directed along the side.
  • collateral pressure
  • * Shakespeare
  • collateral light
  • Acting in an indirect way.
  • * Shakespeare
  • If by direct or by collateral hand / They find us touched, we will our kingdom give / To you in satisfaction.

    Derived terms

    * collaterality * collaterally * collateral damage * collateral form * collateral material * collateral security

    Noun

    (wikipedia collateral) (en noun)
  • A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. (Originally supplied as "accompanying" security.)
  • A collateral (not linear) family member.
  • A branch of a bodily part or system of organs
  • ''Besides the arteries blood streams through numerous veins we call collaterals
  • (marketing) printed materials or content of electronic media used to enhance sales of products (short form of collateral material)
  • A thinner blood vessel providing an alternate route to blood flow in case the main vessel gets occluded.
  • Derived terms

    * marketing collateral

    See also

    * mortgage