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PROPERTY DEED 46 / 51

Deed of Pledge

Understand the document, its simple definition and the legal reference provided in our document guide.

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DEED 46 OF 51

SIMPLE LEGAL DEFINITION

Deed of Pledge

Bailment of goods as security for payment of a debt or performance of a promise.

Governing Act / LawIndian Contract Act, 1872Important Section / ReferenceSec. 172

Important Information

The definition above is presented as general informational content from the Property Deeds service material. Applicable requirements may depend on the transaction, property, parties, jurisdiction and circumstances. For transaction-specific legal advice, consult an appropriately qualified professional.

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