Pledge: refers to a type of property rights behavior.
Pledge, also known as pledge, is divided into movable property pledge and rights pledge. Refers to handing over all your belongings or rights as collateral. Pledge in pledge behavior refers to the civil legal act in which the debtor or a third party transfers its movable property or rights to the creditor.
Chattel pledge: means that the debtor or a third party transfers its movable property to the creditor for possession and uses the movable property as a guarantee for the creditor's rights. When the debtor fails to perform its debts, the creditor shall have the right to receive priority payment from the price of the movable property at a discount or from the auction or sale of the movable property in accordance with the provisions of this Law. The debtor or third party is the pledger, the creditor is the pledgee, and the transferred movables are the pledged property.
Rights pledge: refers to the pledge of property rights in trademarks, patents, and copyrights that can be transferred in accordance with the law. The pledger and the pledgee should enter into a written contract and submit it to their management department. Pledge registration. The pledge contract shall take effect from the date of registration.