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?
Wang borrowed 1 million yuan from Liu, signed a contract and went through registration, took his house as a guarantee and agreed to repay the money at the expiration of the loan