What is the term for the bailment of goods given as collateral to ensure the repayment of a debt or fulfillment of an obligation?

Choose the correct answer

Explanation

The correct answer is 'Pledge,' which refers to the bailment of goods used as security to guarantee payment of a debt or the performance of a promise. While 'special bailment' can relate to specific types of bailments, it does not specifically denote goods held as security.

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