A pledge is the transfer of ________ to a secured party for the purposes of perfection.
A) accounts
B) collateral
C) documents
D) allonge
E) rights

Name: A pledge is the transfer of ________ to a secured party for the purposes of perfection. A) accounts B) collateral C) documents D) allonge E) rights
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A pledge involves the transfer of collateral to a secured party. This is done to perfect a security interest, ensuring the secured party has a legal right to the collateral in case the debtor defaults.

A Pledge Is the Transfer of ________ to a Secured