One of the mysteries of the English language finally explained.
The act or an instance of repledging an asset, already serving as collateral for an existing loan, to secure another loan.
no object Law. To transfer (a person or cause) from the jurisdiction of another court to one's own, giving a surety that justice will be done, typically within a year and a day. Also without object. Now historical.
with object To pledge again or once more.
Late 19th century; earliest use found in Harvard Law Review. From repledge, after pledge<br>late Middle English; earliest use found in Acts of Parliament of Scotland. From Anglo-Norman replegger, Anglo-Norman and Middle French repleger, Middle French replegier to replevy, to secure the release of a person arrested or of property (movable or immovable) seized in distraint against the provision of sureties, probably partly via post-classical Latin replegiare to replevy, to guarantee, to withdraw from the jurisdiction of another court to one's own<br>mid 18th century; earliest use found in Tobias Smollett (1721–1771), writer. From re- + pledge.
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