Pledge
A security through which a creditor is granted a preferential right over certain assets allocated by way of a priority to payment of the debt. A pledge over a business does not imply that the debtor is dispossessed and does not remove the option of selling the business (the creditor has a preferential right and right of continuation). This pledge, generally conventional, can also be legal. A pledge may additionally concern commercial shares (aside for in the case of an SCP).
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