Pledge
"Can a pledge be established without physical delivery?"
Quick Answer
A pledge is a security interest created over movable property or rights to secure a debt. Traditionally, the pledged asset must be physically delivered to the creditor.
Scope and Legal Distinctions
A pledge provides security rather than ownership, and the perfection route depends on the asset. Possession, register entries or other required acts may be needed.
What to Check in Practice
Identify the asset, owner, secured obligation, existing rights and enforcement mechanism before treating the creditor as secured.
Sources & Authorities
Statutory framework and official guidance for this definition.
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