What is the difference between Bailor and Pledge?

The difference between bailor and pledge

is that "bailor" is one who bails property; one who places property in the hands of another for safekeeping and "pledge" is to make a solemn promise.

bailor

pledge

Noun

  • (law) One who bails property; one who places property in the hands of another (called a bailee) for safekeeping.

Verb

  • To make a solemn promise (to do something).
  • (transitive) To give assurance of friendship by the act of drinking; to drink to one’s health.

Examples

  • HARDCASTLE [Taking the cup.] I hope you’ll find it to your mind. I have prepared it with my own hands, and I believe you’ll own the ingredients are tolerable. Will you be so good as to pledge me, sir? Here, Mr. Marlow, here is to our better acquaintance. [Drinks.]
  • Reach me my golden cup that stands by thee,
  • And pledge me in it first for courtesy.

Noun

  • A solemn promise to do something.
  • A security to guarantee payment of a debt.
  • A person who has taken a pledge of allegiance to a college fraternity, but is not yet formally approved.
  • A drinking toast.

Synonyms

  • (promise): commitment
  • (security to guarantee payment): collateral