Pledge, also known as pignus, is that the debtor or a third party transfers its movable property or transferable power to the creditor's possession and takes the movable property or transferable power as the guarantee of creditor's rights. When the debtor fails to perform its obligations, the creditor has the right to be paid in advance of the sale price of the movable property or transferable power according to law.
pledge?
The project contracted by Xiao Zhao was unable to start due to lack of working capital, so he asked a company to help invest, signed a contract and handed over a famous car in his name to the company as a guarantee