What is another word for dead pledge?
Pronunciation: [dˈɛd plˈɛd͡ʒ] (IPA) 
A "dead pledge" generally refers to a situation where a person gives up property as security for a loan, with the understanding that if they are unable to repay the loan, the property will be forfeited. One synonym for "dead pledge" is "mortgage," which specifically refers to a pledge of property as security for a loan. Another synonym is "security agreement," which can be any agreement that provides collateral in exchange for a loan. "Pledged collateral" is yet another synonym, which refers to the same concept of offering up property as security. "Lien" is also a related term that describes a claim against property in order to secure payment of a debt.
