Speakur

Word Pronunciation & Dictionary

negative pledge

Word Rarity Rare

Frequency: Zipf frequency 3.93 in modern English

Syllables
neg-a-tive -pledge
IPA
22
Scrabble Score
14
Letters
4
Syllables
10
Unique Chars

Meaning

noun

A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets).

Etymology

The idea (and hence presumably the name) developed in the United States, and then went global. (Reference: Trevor Sykes, The Bold Riders, second edition, 1996, →ISBN, page 8.)

Inflected Forms

negative pledges (plural)

Questions

What does negative pledge mean?
A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets).
Where does negative pledge come from?
The idea (and hence presumably the name) developed in the United States, and then went global. (Reference: Trevor Sykes, The Bold Riders, second edition, 1996, →ISBN, page 8.)

How to pronounce negative pledge

  1. Open the pronunciation page — Open the Speakur entry for “negative pledge”.
  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
  3. Play the audio — Click Play to hear reference audio for “negative pledge”.
  4. Repeat and practice — Say “negative pledge” aloud, matching stress and vowels until it feels natural.