dead pledge

English

Noun

dead pledge (plural dead pledges)

1. (law) The conveyance of an estate to another for money borrowed, to be held by him until the debt is paid out of the rents and profits.

Part or all of this entry has been imported from the 1913 edition of Webster’s Dictionary, which is now free of copyright and hence in the public domain. The imported definitions may be significantly out of date, and any more recent senses may be completely missing.
(See the entry for “dead pledge”, in Webster’s Revised Unabridged Dictionary, Springfield, Mass.: G. & C. Merriam, 1913, →OCLC.)