Types of Pledge

A pledge arises by virtue of a contract. A pledge also may arise on the basis of a statute upon the occurrence of the circumstances indicated in it if the statute provides what property is recognized as being in pledge and for securing the performance of what obligation.
A pledge may take the form of:

  1. a deposit;
  2. a pledge of goods in a pawnshop;
  3. a pledge of rights;
  4. a pledge of monetary assets;
  5. a firm pledge;
  6. a pledge of goods in commerce;
  7. a mortgage.

 

Source: Iravaban.net

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