The delivery of goods by one person to another as a security for the repayment of a debt is known as a

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A pledge is a specific type of bailment where goods are delivered to a lender as security for a loan or fulfillment of an obligation. Unlike hypothecation and mortgage, which involve rights to the property without transfer of possession, a pledge specifically involves the physical delivery of the goods to the pledgee until the obligation is fulfilled.

The Delivery of Goods by One Person to Another as a Security