Source : Webster's Revised Unabridged Dictionary (1913)

   6. A sentiment to which assent is given by drinking one's
      health; a toast; a health.

   {Dead pledge}. [A translation of {LL}. mortuum vadium.] (Law)
      A mortgage. See {Mortgage}.

   {Living pledge}. [A translation of LL. vivum vadium.] (Law)
      The conveyance of an estate to another for money borrowed,
      to be held by him until the debt is paid out of the rents
      and profits.

   {To hold in pledge}, to keep as security.

   {To put in pledge}, to pawn; to give as security.

   Syn: See {Earnest}.