pledge

noun | \ ˈplej \
  1. : a delivery of especially personal property as security for a debt or other obligation; broadly : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee

  1. a : property and especially personal property that is used as security especially upon delivery; broadly : a security interest in collateral — compare chattel mortgage at mortgage : a security interest in collateral — compare chattel mortgage at mortgage

    b : something given as security for the performance of an act

  1. a : the state of being held as security or guaranty property held in pledge

    b : something given as security for the performance of an act

  1. : a binding promise to do or forbear

pledge

transitive verb
  1. : to deliver or otherwise put forward as security for a debt or other obligation pledged his car as collateral for the loan

  1. : to bind by a pledge we mutually pledge to each other our lives, our fortunes and our sacred honor —Declaration of Independence

  1. : to assure or promise the performance or payment of