A pledge is the transfer of ________ to a secured party for the purposes of perfection.

A) accounts
B) collateral
C) documents
D) allonge
E) rights

Pledge

The transfer of collateral to a secured party.

Collateral

Assets pledged by a borrower to secure a loan or credit, which the lender can seize if the borrower defaults on the repayment.

Perfection

In legal and financial contexts, the process of securing an interest in property to achieve priority over third parties in relation to the property.