Dead pledge

a mortgage. See Mortgage.
(Law) A mortgage. See Mortgage.

See also: Dead, Pledge

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He didn't have time to question him, but after calling up one last witness, the dead pledge's mother, the frat brothers cracked with guilt and all looked over at that alpha-male member.
The word "mortgage" comes from the Middle French meaning "dead pledge," referring to the fact that the property transaction is done--dead--when the debt is paid.
The word "mortgage" comes from the French language of the Middle Ages, and means literally a "dead pledge."
Dead Pledges: Debt, Crisis, and Twenty-First-Century Culture.