Reference: Pledge
American
The Jewish law protected the poor who were obliged to give security for a loan or the fulfillment of a contract. If a man pawned his rove, the usual covering of the cool nights, it must be returned on the same day, Ex 22:26-27. The creditor could not enter a house and take what he pleased; and the millstone being a necessary of life, could not be taken, De 24:6,10-11. Compare Job 22:6; 24:3,7. Idolaters sometimes disregarded these prohibitions, Am 2:6-8. See LOANS. Pledges are necessary from the vicious, who cannot be trusted, Pr 20:16.
See Verses Found in Dictionary
If you take your neighbor's coat as collateral, you are to return it to him by sunset, for it's his only covering; it's his outer garment, for what else can he sleep in? And when he cries out to me, I'll hear him, for I am gracious.
"Don't take a pair of millstones, especially the upper millstone, as collateral for a loan, because this means taking a man's livelihood.
"When you loan something to your neighbor, don't enter his house to seize what he offered as collateral. Stay outside and let the man to whom you made the loan bring it out to you.
"After all, you've taken collateral from your relatives for no reason; you stripped the naked of their clothing.
They drive away the orphan's donkey; they take the ox of the widow as security for a loan;
They spend the night naked, without clothing, with no covering against the cold.
Take the garment of anyone who puts up collateral for a stranger; hold it in pledge if he does it for an unfamiliar woman.
This is what the LORD says: "For three transgressions of Israel and now for a fourth I will not turn away; because they sold the righteous for money, and the poor for sandals, moving quickly to rub the face of the needy in the dirt. Corrupting the ways of the humble, a man and his father go to the same woman, deliberately defiling my holy name. read more. They lay down beside every altar, on garments pledged as collateral, drinking wine paid for through fines imposed by the temple of their gods.
Easton
See Loan.
Hastings
The taking of a pledge for the re-payment of a loan was sanctioned by the Law, but a humanitarian provision was introduced to the effect that, when this pledge consisted of the large square outer garment or cioak called simlah, it must be returned before nightfali, since this garment often formed the only covering of the poor at night (Ex 22:26 f., De 24:12 f.; cf. Am 2:8; Job 22:6; 24:9; Eze 18:7,12,16; 33:15). It was forbidden also to take the mill or the upper millstone as a pledge (De 24:6). In Isa 36:8 the reference is to a pledge to be forfeited if a wager is lost (cf. Revised Version margin). In I S17:18 'take their pledge' probably means 'bring back a token of their welfare' (Driver).
See Verses Found in Dictionary
If you take your neighbor's coat as collateral, you are to return it to him by sunset,
"Don't take a pair of millstones, especially the upper millstone, as collateral for a loan, because this means taking a man's livelihood.
If he is a poor man, don't go to sleep with his collateral in your possession.
"After all, you've taken collateral from your relatives for no reason; you stripped the naked of their clothing.
"The fatherless are torn from the breast; the poor are taken away as security for a loan.
Come now, all of you, make a bet with my master, the king of Assyria: I will give you two thousand horses, if you can furnish riders for them!
if he doesn't oppress anyone, but instead returns the debtor's security for his debt, if he doesn't rob anyone, but instead shares his food with the hungry and gives clothes to those who are naked,
oppresses the afflicted and the poor, robs others, doesn't return security for a debt, looks to idols, does detestable things,
doesn't oppress anyone, doesn't take possession of a debtor's pledge, or doesn't steal, but instead shares his food with the hungry, gives clothes to those who are naked,
returning what has been placed as collateral for a loan, paying back what he has taken, following the regulations that promote life, and committing no iniquity, he will certainly live, and not die.
They lay down beside every altar, on garments pledged as collateral, drinking wine paid for through fines imposed by the temple of their gods.
Morish
The taking of articles as security for loans, etc. was very early practised, and restrictions were given in the law that no unfair advantage should be taken thereby. Ex 22:26; De 24:10-17; Job 22:6; 24:3,9; Am 2:8. In 2Ki 18:23 and Isa 36:8 the sense is 'to make an engagement or treaty.'
See Verses Found in Dictionary
If you take your neighbor's coat as collateral, you are to return it to him by sunset,
"When you loan something to your neighbor, don't enter his house to seize what he offered as collateral. Stay outside and let the man to whom you made the loan bring it out to you. read more. If he is a poor man, don't go to sleep with his collateral in your possession. Be sure to return his garment to him at sunset so that he may sleep with it, and he will bless you. It will be a righteous deed in the presence of the LORD your God. Don't take advantage of a hired person who is poor and needy, whether he's your fellow citizen or a foreigner who lives in your city. Pay his wages that same day before the sun sets, because he is poor and his livelihood depends on it. Otherwise, he may cry out to the LORD against you, and you will incur guilt." "Fathers must not be put to death on account of their children's sin; nor shall children die on account of their fathers' sin. Each person is to be put to death for his own sin. "Don't deny justice to a foreigner or to an orphan, nor take a widow's garment as collateral for a loan.
""Come now, and make a deal with my master, the king of Assyria, and I'll give you 2,000 horses, if you can furnish them with riders.
"After all, you've taken collateral from your relatives for no reason; you stripped the naked of their clothing.
They drive away the orphan's donkey; they take the ox of the widow as security for a loan;
"The fatherless are torn from the breast; the poor are taken away as security for a loan.
Come now, all of you, make a bet with my master, the king of Assyria: I will give you two thousand horses, if you can furnish riders for them!
They lay down beside every altar, on garments pledged as collateral, drinking wine paid for through fines imposed by the temple of their gods.
Smith
Pledge.
[LOAN]
See Loan