Pledged Amount means the principal amount on deposit from time to time in one or more deposit accounts pledged by Kwok Li to Laurus pursuant to such documentation acceptable to Laurus, in its sole discretion, and with respect to which Laurus has a first priority perfected Lien.
What does it mean to pledge assets?
A pledged asset is transferred to a lender for the purpose of securing debt. Homebuyers can sometimes pledge assets, such as securities, to lending institutions to reduce the necessary down payment. ... The type and amount of pledged assets for a loan are negotiated between the lender and borrower.
What is the verb for pledge?
transitive verb. pledged; pledging. Legal Definition of pledge (Entry 2 of 2) 1 : to deliver or otherwise put forward as security for a debt or other obligation pledged his car as collateral for the loan.
What is the meaning of amount pledged on any date?
Pledged Amount on any date, means with respect to Eligible Securities, the aggregate principal amount of such Eligible Securities theretofore advanced thereon which remains unpaid on such date and pledged hereunder.
What does it mean to pledge secrecy?
Accessed 24 Aug. 2022. 1 : to promise to give I pledge allegiance. 2 : to cause (someone) to promise something He pledged himself to secrecy. Love words? Need even more definitions?
What is a pledge amount?
Amount Pledged - The total amount committed by the donor. So, if a donor has pledged $50,000 over the next five years, in five annual installments of $10,000 each, the Amount Pledged would be $50,000. Payment Frequency - The frequency is used to determine the payment schedule.
What does a pledge mean in finance?
A pledged asset is a valuable possession that is transferred to a lender to secure a debt or loan. A pledged asset is collateral held by a lender in return for lending funds. Pledged assets can reduce the down payment that is typically required for a loan as well as reduces the interest rate charged.
What is pledged balance?
Pledged Balance means in accordance with article 2360 of the French Code civil, the amounts, either provisory or final and subject to any current operations, standing to the credit of the Pledged Accounts (including any interest and other accessories) as at the day of enforcement of the Pledge.
What is pledge give example?
Pledge is defined as to give something as security for a loan, promise, make an agreement, or accept a potential membership. An example of pledge is to give someone your iPod as a guarantee that you'll return their car by a certain time. An example of pledge is to promise to return a person's car by a certain time.
How does pledge work?
How does the pledging of shares work? Promoters can pledge their shares to avoid losing trade opportunities due to low cash margins. They can get a loan after haircut deduction. The collateral margin received from these pledged shares can be used for equity trading, futures, and options writing.
How does a pledge loan work?
A pledge loan differs from a standard loan in that the loaned amount is completely backed with collateral from the borrower. A borrower can use their funds, such as a savings account, as collateral to obtain a loan. The funds used as collateral then become "frozen" until the loan is paid back in full.
Can I withdraw pledge money?
When you pledge shares, you get margins, not cash. Hence you can't withdraw.
What does pledged mean in banking?
What does a pledge mean? In connection with a pledge, the debtor or another person gives his or her assets as collateral for a loan. If the loan is not repaid, the creditor may sell the assets given as collateral and use the sales proceeds to repay the loan.
What does it mean to pledge an account?
A pledge account, sometimes called a pledged asset, is an account that is transferred to a lender as collateral to secure a debt or loan. Borrowers may use a pledge account or a pledge asset to lower a down payment that may be required for a loan. Pledge accounts can also reduce interest on loan.
What is pledge deposit?
A deposit for retail clients, specifically to be used as collateral for a loan to be obtained by a company or self-employed person.
What is the importance of pledge?
Research from the behavioral and social sciences tells us that the behaviors, beliefs, and expectations of others are an important motivator of change—and that people who publicly pledge to do something are more likely to follow through than those who don't.
What does it mean to pledge an account?
A pledge account, sometimes called a pledged asset, is an account that is transferred to a lender as collateral to secure a debt or loan. Borrowers may use a pledge account or a pledge asset to lower a down payment that may be required for a loan. Pledge accounts can also reduce interest on loan.
What is difference between mortgage and pledge?
1) Movable and immovable assets So, pledge is used for movable assets like shares, securities, fixed deposits etc. On the other hand, you would never say, "I pledged by apartment". So, in short, mortgage is a term that is used for fixed assets like land, buildings, apartments etc.
What is the difference between pledge and donation?
A donation describes the immediate exchange of money or goods from a donor. A pledge is the promised exchange of money or goods from a donor. A pledge results in a donation eventually, just not right away.
What is the difference between pledge and lien?
A lien is simply a possessory form of security interest; when possession of the property is lost, the lien is released. Pledge of goods is not lost by loss of possession.
What is a Pledge Account?
A pledge account, sometimes called a pledged asset, is an account that is transferred to a lender as collateral to secure a debt or loan. Borrowers may use a pledge account or a pledge asset to lower a down payment that may be required for a loan. Pledge accounts can also reduce interest on loan.
Common Sections in Pledge Accounts
Below is a list of common sections included in Pledge Accounts. These sections are linked to the below sample agreement for you to explore.
Who Helps With Pledge Accounts?
Lawyers with backgrounds working on pledge accounts work with clients to help. Do you need help with an pledge account?
Meet some of our Pledge Account Lawyers
Transactional and Employment Attorney and Small Business Owner. I do inside counsel work from the outside. I demystify the law for my clients.
What does "pledge" mean in English?
English Language Learners Definition of pledge (Entry 2 of 2) : to formally promise to give or do (something) : to cause (someone) to formally promise something. : to give (something) as a way to show that you will keep your promise to someone.
What is pledge in law?
(Entry 1 of 2) 1 : a delivery of especially personal property as security for a debt or other obligation broadly : the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee.
What is a pledge in a sentence?
Examples of pledge in a Sentence. Noun He has promised to fulfill a campaign pledge to cut taxes. To make a pledge or donation, please call the charity's office. The company has made a pledge of over $3,000. He left his car as a pledge that he would return with the money.
What does "pledge" mean in the Declaration of Independence?
Legal Definition of pledge (Entry 2 of 2) 1 : to deliver or otherwise put forward as security for a debt or other obligation pledged his car as collateral for the loan. 2 : to bind by a pledge we mutually pledge to each other our lives, our fortunes and our sacred honor — Declaration of Independence.
What does "pledging" mean?
b (1) : a promise to join a fraternity, sorority, or secret society. (2) : a person who has so promised. pledge. verb. pledged; pledging. Definition of pledge (Entry 2 of 2) transitive verb. 1 : to make a pledge of especially : pawn. 2 : to drink to the health of.
Where does the word "plegge" come from?
Middle English plegge security, from Anglo-French plege, from Late Latin plebium, from *plebere to pledge, probably of Germanic origin; akin to Old High German pflegan to take care of — more at plight
What Is a Pledged Asset?
A pledged asset is a valuable possession that is transferred to a lender to secure a debt or loan. A pledged asset is collateral held by a lender in return for lending funds. Pledged assets can reduce the down payment that is typically required for a loan as well as reduces the interest rate charged. Pledged assets can include cash, stocks, bonds, and other equity or securities.
What is the advantage of pledged assets?
The use of pledged assets to secure a note has several advantages for the borrower. However, the lender will demand a specific type and quality of investments before they will consider underwriting the loan. Also, the borrower is limited to the actions they may take with the pledged securities.
What happens if a borrower defaults on a pledged security?
In dire situations, if the borrower defaults they will lose the pledged securities as well as the home they purchased. The borrower must continue to report and pay taxes on any earnings they receive from the pledged assets.
What happens to a pledged asset after a loan is paid off?
Once the loan is paid off and the debt is fully satisfied , the lender transfers the pledged asset back to the borrower. The type and value of pledged assets for a loan are usually negotiated between the lender and borrower.
What happens if you don't have 20% down?
Without a significant down payment, the borrower will likely also have a higher interest rate.
What happens to the borrower's assets?
The borrower retains ownership of the assets and continues to earn interest or capital gains on those assets.
What is the down payment on a mortgage?
With a traditional mortgage, the house itself is the collateral for the loan. However, banks usually require a 20% down payment of the value of the note , so that buyers do not end up owing more than their home's value.
What are donation pledges?
Donation pledges are donors’ promises to give a certain amount of money to an organization over a set amount of time. Donors can make pledges that are conditional, meaning payment will only be made once a condition is met, or unconditional with no strings attached.
What is the difference between a pledge and a donation?
But the big difference between a donation and a pledge is the timing. A donation describes the immediate exchange of money or goods from a donor. A pledge is the promised exchange of money or goods from a donor. A pledge results in a donation eventually, just not right away.
How do you receive payment for donation pledges?
Most donors pledge to give a sum of money slowly over the course of a few years. Donors can pay their pledge by check, credit card, or automatic withdrawal.
How do you get donors to make pledges?
Get donors to make donation pledges by tapping into the emotional connection your donors have with your organization and the community. Organizations can do this by communicating their need for support in a powerful way.
How to use Kindful for pledges?
For example, when you use Kindful for pledges you can set the due date for the pledge and track the status as open, past due, completed, or canceled. You can then collect your donor’s payment through your integrated payment processor or mark it as paid by check or cash.
Why do donors fill out pledge cards?
Pledge cards are filled out by donors to show their commitment to supporting an organization. Pledge cards ask donors to give information like their name, address, and phone number, as well as a pledge amount.
What is text to pledge?
Like text-to-give, text-to-pledge allows supporters to use their mobile devices to make monetary pledges to organizations. Many prefer a technological method like this because it eliminates manual data entry. You can check and see what options your donor management system has to collect pledges virtually to help automate the process.
Merch for Membership
I'm a small creator, so I don't really expect switching to this plan will make my Patreon pop off, but I'm wondering if anyone else had any luck with it?
Patreon won't accept any of my payment options
So to make a long story short, I've been trying to pay using my PayPal account didn't get through , tried with my credit card also didn't go through . There is no block from my bank or PayPal Contacted patreon but they always say the issue isn't from their side What can I do for my payment to go through ??? I've been trying for 3 days now
Patreon asking for government ID?
Hey y’all, I’m a twitch streamer that uses Patreon for my community to support the stream! Love love love the platform :)
Free Patreon?
Is it possible to set up a patreon with a ‘free’ tier, to use and essentially a newsletter to those subscribers?
I want to start a Patreon but I'm not sure if I'm ready yet. What are good practices and tips for 2d artists?
As the title says, I want to create a Patreon to pursue and share more of my 2D projects and see where this endeavor leads me.
Question about merch designs
I've recently started trying to put out more for my YouTube and such so I set up a patreon, and what I'm wondering is what did you guys do for your merch that was based around your brand but still exclusive, I say this because I already have one "general" merch site and am not exactly sure what design I should use
Is there a way to release content to lower tiers over time?
For future content I was considering setting something up where the heighest tier would get access first and then each tier would get access next as the month went on until I released the free ver the next month.
What is fundraising pledge?
Both fundraising pledges and traditional donations are gifts made by supporters who believe in your mission and the goals of your campaign. The ways in which you structure your campaigns and solicit each type of donation, however, are fundamentally different.
What is a snowball pledge?
Snowball’s mobile fundraising pledge tool is a great example of a flexible tool that prioritizes user experience. Built on the Snowball suite’s lightning fast 2-click text-to-give platform, this pledge tool secures support for your campaign quickly. Plus, it allows supporters the option to easily complete their pledged donations afterwards!
What to look for in a pledge drive?
There are a few main characteristics that you should prioritize during your research: speed, ease of use, and flexibility.
