Question

in pledge what is given as security for payment of debt or performance of the promise​

Answer 1

Answer:

The bailment of goods as security for payment of a debt or performance of a promise is called pledge. The bailor is in this case called the pawnor. The bailee is called pawnee

Explanation:

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Answer 2

Explanation:

-The bailment of goods as security for payment of a debt or performance of a promise is called pledge. The bailor is in this case called the pawnor. The bailee is called pawnee