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Hi ! Anybody can explain me the term Pledge?

Simply Accounting Terms
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Question added by Abdul Sohel Mohammed , Payroll Officer/Senior Accountant , ANABEEB Services Co.W.L.L
Date Posted: 2016/01/20
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Muhammad Hanif Kasbati
by Muhammad Hanif Kasbati , Chief Financial Officer and Company Secretary , Pakistan Textile City Limited

Pledge, as far as business world is concerned, means keeping assets as security against loan and in case of non-payment the lender can sell those assets.

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