pledge

/pledʒ/ noun [C]

Definition

› a formal promise to do something: a campaign/election/manifesto pledgea pledge to do sth Analysts warn that OPEC's pledge to ramp up oil production in order to ease record crude prices will not have the desired effect.make/honour/sign a pledge Campaigners have accused Congress of failing to honour its US funding pledges.a pledge that sth Their goal of increasing electricity production from renewables by 40% has been reinforced by a pledge that they will not support further development of nuclear power.

› LAW something valuable that is given to a person or organization that has lent you money, which they can keep if you fail to pay back the loan: Serious financial irregularities took place, including the pledge of already paid-for securities.

(Definition of pledge noun from the Cambridge Business English Dictionary © Cambridge University Press)

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