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English definition of “pledge”

pledge

verb [T]
 
 
/pledʒ/
to make a formal promise to do something: pledge to do sth The UK chief executive has pledged to slash costs by £150m a year by 2014.pledge $32m/£100,000, etc. to/for sth EU leaders pledged $1.2 billion to the region over the next 18 months.pledge that sth He pledged that a reduction in the burden of taxation will become the central economic objective of the government.
LAW to give something valuable to a person or organization that has lent you money, which they can keep if you fail to pay back the loan: pledge sth as collateral/security Shares are frequently pledged as collateral for loans.
(Definition of pledge verb from the Cambridge Business English Dictionary © Cambridge University Press)
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