Updated 23.05.2024

Contract for collateral on assets 

The debtor gives an asset or movable property to the creditor to secure debts.

Use this contract: 

  • When you owe the creditor a certain debt, in pounds or a foreign currency.
  • To reassure the creditor and guarantee payment of the debt with the value of movable objects.
  • If you agree to temporarily dispossess yourself of the pledged items without being able to use them until the debt is repaid.



This agreement is governed by laws of England and Wales and complies with financial regulations

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Use the following options to optimise the conditions of the pledge: 

  • Possibility for the creditor to repurchase the item at the market price in the event of default. 
  • Indication of a grace period during which the debt must be paid in cash before the pledged object can be realised. 
  • Obligation to cover the costs of realisation, and any excess amount not covered by the value of the item realised. 
  • Obligation to return any balance of the realised object price that exceeds the amortised debt. 
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