Word.ws English Dictionary

negative pledge

negative pledge noun: a type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets).

Noun

negative pledge (plural negative pledges)

  1. A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets).

Forms of negative pledge

pluralnegative pledges

Origin of negative pledge

The idea (and hence presumably the name) developed in the United States, and then went global. (Reference: Trevor Sykes, The Bold Riders, second edition, 1996, →ISBN, page 8.)

Questions about negative pledge

What does negative pledge mean?
Negative pledge means a type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets).
What part of speech is negative pledge?
Negative pledge is a noun.
What is the plural of negative pledge?
The plural of negative pledge is negative pledges.

Words near negative pledge in the dictionary

  1. negative paintings
  2. negative parliamentarism
  3. negative pickup
  4. negative pickups
  5. negative pion
  6. negative pledge
  7. negative pledges
  8. negative pole
  9. negative poles
  10. negative pregnant
  11. negative pressure

Source and license

Adapted from Wiktionary: negative pledge (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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