answersLogoWhite

0

What is a pledge facility?

Updated: 9/20/2023
User Avatar

Wiki User

11y ago

Best Answer

A Pledge is a right to hold goods or title of goods delivered for valuable consideration until advance made to a person against their security are repaid , with a right to the pledge( Bank ) to sell in the event of non - payment .

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a pledge facility?
Write your answer...
Submit
Still have questions?
magnify glass
imp