Pledge (Lien)
A security right in a thing for a claim.
A pledge gives the creditor the right to obtain satisfaction of a claim from a thing, for example by realizing its value. It arises by contract or by operation of law, for instance the landlord's lien on items brought in.
The relevant statutes
§ 1204 BGB
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Related terms
General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.